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Will Anyone Challenge the SEC’s Ever-Expanding Authority?
This question of redefining a government agency’s mission arose last week during an event hosted by George Mason University’s Center for the Study of…
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Perspectives on “Woke Capital” and Politicized Investing
Recently, the Competitive Enterprise Institute hosted a virtual book event for Political Forum publisher Steve Soukup’s new book, The Dictatorship of Woke Capital:…
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Federalist Society and SEC’s Roisman on Future of ESG, Corporate Governance
Yesterday the Federalist Society held an excellent virtual event on corporate social responsibility (CSR) and environmental, social and governance (ESG) theory, addressing “the divergent…
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CEOs Join Davos Wonks to Launch New Corporate ESG Disclosures
Axios’ “cheerful iconoclast” Felix Salmon reported earlier this week on an agreement by dozens of major corporations to support a new system of…
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BlackRock’s Larry Fink: Fight COVID with Climate Activism
Larry Fink, CEO of mega asset management firm BlackRock, has released his annual pair of letters—one to the CEOs of companies that BlackRock holds…
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Gensler Agenda at SEC Bears Close Watching
President Biden has chosen former head of the Commodity Futures Trading Commission Gary Gensler as his nominee to be chair of the Securities and Exchange…
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Biden Team Expected to Take Hatchet to Pension Protection Rule
The Department of Labor, under the leadership of Secretary Eugene Scalia, implemented an important (though widely misunderstood) rule this year, regarding how federally regulated pension…
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Retro Review: The Communist Manifesto (1848)
The manifesto of the Communist party, written by Karl Marx and Friedrich Engels in 1847 and first published the next year, has a legendary pair…
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Millennials, Gen Z Optimistic about Hard Work Leading to Prosperity
The Walton Family Foundation released an interesting survey recently that found that Generation Z (ages 13–23) and Millennial (ages 24–39) Americans are more optimistic…
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High CEO Pay Isn’t Making Anyone Poor
While most American are still following the final vote counts in the 2020 presidential election, many lower-profile, but still important, issues have been decided at…
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Boeing Declines to Blackmail Washington Taxpayers, Threatened by Governor in Return
Boeing recently announced plans to consolidate all production of its 787 Dreamliner jet, moving some existing work from the company’s traditional home in Washington…
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Pension Managers Must Focus on Retiree Security, Not Politics
A new proposed rule from the Department of Labor on pension funds would clarify the responsibilities of pension fund fiduciaries covered under the Employee Retirement…
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CEI Event with Hester Peirce and Paul Atkins: ESG, Crypto, and other SEC Hot Topics
Yesterday, in the most recent installment of the Competitive Enterprise Institute’s “Repeal for Resilience” event series, CEI President Kent Lassman welcomed Securities and Exchange Commission…
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Climate Cronyism: Big Businesses Tailor Policy to Benefit Themselves
A shorter version of this post was published as an op-ed in the Washington Examiner last week. The Business Roundtable (BRT), an association of…
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Do We Want Corporations to Be Society’s Moral Referees?
The New York Times is observing the 50th anniversary of Milton Friedman’s famous article “The Social Responsibility of Business Is to Increase Its Profits”…
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Socialism, Nationalism, and Political Control: Iain Murray on The Remnant
My colleague Iain Murray had a fascinating conversation this week with The Remnant’s Jonah Goldberg about his excellent new book, The Socialist Temptation.
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Good Vibes for Sale: The Business of Cultural Innovation
The current issue of Harvard Business Review has a fascinating article by former business school professor and brand consultant Douglas Holt. He advises…
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ESG Mission Creep Could Lead to Serious Legal, Market Risks for Companies
An increasing number of U.S. corporations are signaling their commitment to corporate social responsibility by integrating environmental, social, and governance (ESG) issues into their operations…
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Good Vibes for Sale: The Business of Cultural Innovation
The current issue of Harvard Business Review has a fascinating article by former business school professor and brand consultant Douglas Holt. He advises companies looking to innovate successfully…
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Demise of ESG Investing Overstated
The Department of Labor’s recent notice of proposed rulemaking on environmental, social, and governance (ESG) factors in pension fund investments has received a…
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Don’t Let Feds Become Investing’s Sheriff of Nottingham
Investing company Robinhood and its signature smartphone app have taken off in popularity in the last several months. According to Bloomberg, Robinhood has “catapulted ahead…
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Demise of ESG Investing Overstated
The Department of Labor’s recent notice of proposed rulemaking on environmental, social, and governance (ESG) factors in pension fund investments has received a lot of…
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Cheers to Department of Labor for Protecting Retiree Investments
At the end of last month the Department of Labor published a new notice of proposed rulemaking on the investment choices that private pension fund…
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Wealthy Millennials Not So Concerned with “Socially Responsible” Investing
In the last few years advocates of corporate social responsibility theory have been assuring everyone who would listen that a new day is dawning for…
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Secretary Scalia to Pension Funds: Manage for Returns, Not Virtue Signaling
In a Wall Street Journal op-ed, Labor Secretary Scalia explains the reasoning behind a proposed rule reaffirming that pension funds should focus on providing benefits…
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Anti-Corporate Author: Get Over Your Vanity and Just Read “Impeccable” New York Times
Are you struggling to stay informed in an Internet landscape full of conflicting sources and analysis? Good news—a New York Times bestselling author (and former…
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Value of Employee Benefits in Eye of Beholder
Advocates of “social responsibility” and environmental, social, and governance standards for companies have little interest in their proposed requirements being voluntary, despite frequent protestations to…
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“Social Responsibility” Expectations for Business Pivot from Voluntary to Mandatory
The Financial Times reported that many companies have cut dividends to shareholders because they are struggling with the current economic downturn. But even after we’ve…
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There Is No Such Thing as “Safe”
Iain Murray has a great essay up at Law & Liberty today on why some groups of Americans are perceiving quarantine policies so differently from…
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Lean on Business Leaders to Defend Markets
One on the main goals of the Competitive Enterprise Institute’s Center for Advancing Capitalism is for more business leaders to prioritize the defense of the…
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Retro Review: Irving Kristol’s “Two Cheers for Capitalism”
Long before we began debating the wisdom of neoconservative foreign policy, Irving Kristol was writing about domestic economic policy and the future of capitalism. His…
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New Profile in Capitalism: Ariel Corporation CEO Karen Wright
Some CEOs seem to have more hours in the day than others. Such is the case of Karen Wright, the head of Ariel Corporation, a…
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Shield Employers from COVID-19 Liabilities Created by Government
Now that government officials and business owners are planning for a “semi-normal” phase of post-quarantine reopening, the U.S. Chamber of Commerce’s recent “Implementing a National…
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VIDEO: Cato Experts on Coronavirus and the Constitution
Recently three legal experts from the Cato Institute hosted a fascinating discussion of recent pandemic-related legal enactments, “Coronavirus and the Constitution.” Ilya Shapiro, Trevor Burrus,…
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VIDEO: Road Map to Reopening
The U.S. Chamber of Commerce hosted a fascinating video conference this week entitled “Big Picture: Road Map to Reopening,” with the Chamber’s Suzanne Clark and…
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Memo to BlackRock: Drop Activist Agenda, Focus on Recovery
Should large institutional investors find and support profitable firms or adopt the tactics of left-wing pressure groups to force companies into adopting a political agenda?…
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Robots Are Here to Make Your Job Safer and Cleaner
Positive stories about win-win results from the march of automation are everywhere in our economy, but they don’t get told and repeated enough. The workers…
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Retro Reviews: An Introduction
Political news and analysis always suffers from a recency bias—we tend to assume that the latest analysis and reportage is superior to what was posted…
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VIDEO: Reforming Antitrust for Global Competitiveness
The Information Technology and Innovation Foundation recently hosted its latest virtual event, “Reforming Antitrust Policy for an Era of Global Competitiveness.” ITIF President Rob Atkinson…
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Pandemic Economy: Toilet Paper Supplies Stretched, But Strong
American consumers, worried about the future of the coronavirus pandemic have continued to buy out available stocks of key products. However, temporary shortages are the…
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Post-Corona Politics: Opportunities and Threats
There is a lot of attention being paid to the latest emergency legislation being proposed to address the coronavirus pandemic, from $1,000 checks for every…
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Toilet Paper Economics: Emergency Capitalism Still Better Than Normal Socialism
There are quite a few hot takes circulating at the moment about how grocery stores temporarily running out of toilet paper amid the current coronavirus…
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Sen. Toomey Defends Capitalism
This week Sen. Pat Toomey gave an excellent and much-needed speech at the Heritage Foundation on capitalism and its right-leaning critics. Toomey made clear that…
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VIDEO: What Did “the Future” Hold for Public Policy in the 1980s?
The American Enterprise Institute has gone deep into its archives and posted dozens of old videos of roundtables and speeches going back, in some cases,…
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Big-Mouth CEOs Less of a Threat than Crusading Politicians
Free-market advocates are understandably skeptical of “stakeholder” capitalism—the idea that corporate managers should focus not just on returns to shareholders, but on pleasing a potentially…
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VIDEO: Trade Is Not a Four-Letter Word
Former Export-Import Bank Chairman Fred Hochberg recently made an appearance at the American Enterprise Institute to promote his new book, Trade Is Not a Four…
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Two Cheers for Nikki Haley’s Defense of Capitalism
Former U.S. ambassador to the United Nations Nikki Haley has written a bold and, for the most part, very good op-ed on the future of…
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“Scientocracy” Highlights Problematic Incentives in Government Research
Yesterday CEI put on an excellent event on science policy on Capitol Hill on the new book Scientocracy: The Tangled Web of Public Science and…
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New Analysis on Tax and Regulatory Issues for Carsharing Companies
Our friend and Tech Policy Podcast host Ash Kazaryan recently recorded a fascinating interview with Reason Foundation Policy Analyst Spence Purnell on how Florida (and…
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Sustainability Disclosures, Meant to Protect, Could Create Additional Risk for Investors
The Sustainability Accounting Standards Board (SASB) claims that it focuses on issues that are “financially material” to the companies they are assessing. But materiality is…