"Keeley and Gramm have done usall a great service with their persuasive work demonstrating that companiesserve the public good most effectively by maintaining focus on theshareholders." --RobertDoar, president, American Enterprise Institute "ESG's rise and its distortingeffects upon American capitalism are not isolated phenomena. In these essaysassembled by Phil Gramm and Terrence Keeley, we discover that ESG issymptomatic of America's departure from the revolutionary insights ofthe economic Enlightenment that began with Adam Smith. The good news is thatthis knowledge gives America a path back to dynamism and prosperity, if wehave the will to make that choice." --SamuelGregg, Friedrich Hayek Chair in Economics and Economic History, AmericanInstitute for Economic Research "In this compact volume,Senator Phil Gramm and Terrence Keeley leave no doubt about the best pathforward for human flourishing: free markets complemented by targetedphilanthropy and thoughtful impact investment. They deserve to be heard." --BaronessPhilippa Stroud " Ending ESG --a collection of previously published articles prefacedby a measured, clearly reasoned introduction by the book's editors, SenatorPhil Gramm and Terrence Keeley--is a forensic and highly critical examination ofESG, a shoddily constructed, self-serving investment 'discipline' that has beenall too effectively marketed as a way of doing well by doing good. As the contributors--one of whomhas long, and directly relevant experience in the financial sector (and is notunsympathetic to some of ESG's stated goals)--demonstrate, it has achievedlittle of either.
Moreover, EndingESG shows how ESG and the related ideology of stakeholder capitalismoperate as an attack on private property rights that have done so much tofoster America's remarkable economic success and how, not so coincidentally,they could also undermine our democracy. So, what should be done inresponse? Look no further than the title of this well-argued and necessary bookfor the answer." --AndrewStuttaford, editor, National Review 'sCapital Matters.