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cover of episode The Destructive Power of ESG with Yaron Brook

The Destructive Power of ESG with Yaron Brook

2021/2/4
logo of podcast Power Hour with Alex Epstein

Power Hour with Alex Epstein

Shownotes Transcript

Alex Epstein interviews Yaron Brook about the origins, rise, and unprecedented power of today’s anti-fossil fuel ESG movement in investing.

They cover:

  • Larry Fink’s latest influential letter
  • The shareholder value theory of the purpose of a corporation
  • What’s wrong with the “stakeholder value” theory of the purpose of a corporation
  • How government coercion increases the power of the ESG movement
  • How the culture gives the ESG movement most of its power
  • What companies can do to fight back against the anti-fossil fuel ESG movement?

Yaron Brook is a former finance professor, an investor, Executive Chairman of the Ayn Rand Institute, and host of The Yaron Brook Show.