Capitalist Punishment: How Wall Street Is Using Your Money to Create a Country You Didn't Vote For
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Capitalist Punishment: How Wall Street Is Using Your Money to Create a Country You Didn't Vote For Audible Audiobook – Unabridged

Vivek Ramaswamy (Author), Timothy Andrés Pabon (Narrator), HarperAudio (Publisher)
4.6 4.6 out of 5 stars 157 ratings
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A Wall Street cartel has quietly seized control of the American economy, and they are forcing governments and businesses to bow down to their political agenda—using your money to do it.

Three Wall Street firms have quietly amassed more money than Jeff Bezos, Elon Musk, Andrew Carnegie, and John Rockefeller combined. But the money isn’t even theirs. These asset managers have accumulated all their power through “passive funds,” as most investors no longer believe anyone can reliably pick stocks. Yet the Big Three have decided that they can reliably pick the right social policies instead.

As entrepreneur Vivek Ramaswamy reveals, the results are all bad—and working their way into every corner of the economy. They force US companies to adopt “racial equity audits” and “emissions caps” while supporting human rights atrocities in China. They coerce Western companies to produce less oil while shifting production to dirtier places like Russia. They allow companies like FTX to take victory laps on good management while collapsing like a house of cards. They charge high fees to mom-and-pop investors for so-called sustainable funds that are effectively identical to lower-fee index funds.

Worst of all, they’re celebrated as heroes—at least so far. Capitalist Punishment lifts the veil on the largest fiduciary breaches, antitrust abuses, and First Amendment violations of the twenty-first century, misdeeds that are hiding in plain sight.

This isn’t just a threat to capitalism. It’s a threat to democratic self-governance itself. Capitalist Punishment is an easy-to-follow educational tour de force for every participant in financial markets—which, to the surprise of most Americans, includes nearly every single one of them.

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  1. Listening Length
    7 hours
  2. Author
    Vivek Ramaswamy
  3. Narrator
    Timothy Andrés Pabon
  4. Audible release date
    April 25, 2023
  5. Language
    English
  6. Publisher
    HarperAudio
  7. ASIN
    B0BZWMJVW7
  8. Version
    Unabridged
  9. Program Type
    Audiobook
  10. See all details
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Product details

Listening Length 7 hours
Author Vivek Ramaswamy
Narrator Timothy Andrés Pabon
Whispersync for Voice Ready
Audible.com Release Date April 25, 2023
Publisher HarperAudio
Program Type Audiobook
Version Unabridged
Language English
ASIN B0BZWMJVW7
Best Sellers Rank #40,541 in Audible Books & Originals (See Top 100 in Audible Books & Originals)
#91 in Conservatism & Liberalism
#195 in United States National Government
#380 in Political Conservatism & Liberalism

Customer reviews

4.6 out of 5 stars
4.6 out of 5
157 global ratings

Top reviews from the United States

Gary
5.0 out of 5 stars Big 3 Bandits
Reviewed in the United States on May 9, 2024
Verified Purchase
Vivek Ramaswamy lays out how BlackRock, Vanguard and StateStreet have corrupted the US financial system with their DEI political investment narrative. This book will show just how political the big 3 are. If you are invested through these DEI crooks, you need to get out as fast as you can... unless you like investing in the CCP!
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Ed
5.0 out of 5 stars Good quality
Reviewed in the United States on May 1, 2024
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Very informative, great food for thought
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RafaReviews
5.0 out of 5 stars What a book
Reviewed in the United States on April 3, 2024
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Excellent source for getting, and in depth analistas of wall street and special interest
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Steve Goulet
4.0 out of 5 stars Insight into the author
Reviewed in the United States on November 18, 2023
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It reads like he talks.
One person found this helpful
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F. Stieg
5.0 out of 5 stars Outstanding
Reviewed in the United States on August 12, 2023
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A very well written and interestingly presented explanation of what is the present status of the financial world in which we live.
Ramaswamy hits another homerun.
8 people found this helpful
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Patrick
5.0 out of 5 stars Amazing!
Reviewed in the United States on April 25, 2023
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Vivek produced another stellar novel! He describes the rise of ESG, or left-leaning investing, done by large asset managers on behalf of everyday American citizens. Bravo, Vivek!
41 people found this helpful
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Hawkeye
5.0 out of 5 stars “I Will Not Eat Bugs!”
Reviewed in the United States on August 30, 2023
I obtained this book as a gift which I think was purchased from Amazon seeing the giver is an Amazon Prime member. The reason I was given this gift is because I read a lot of company annual reports and I have been complaining about ESG impact I have been reading about. This book was the correct gift for me.

This book is very enlightening for the average retail and long-term passive investor. Shareholder Capitalism is the steeling of shareholder money! Vevek Ramaswamy (VR) puts the spotlight on the “Big Three” influence on proxy voting used to modify corporate boards to adopt Environmental, Social, and Governance (ESG) posture. The author argues for nine chapters why this is unlawful.

As I stated I have personally been complaining about ESG creeping into corporate proxy items and text in annual report for many years. They first appeared as one sentence; then paragraphs, and now recently this summer I have seen full pages on ESG in the reports. I have been very vocal that ESG influence has no place in the corporate structure and the author eloquently provides this argument in this work.

Although I reject the ESG momentum thesis, I find the point the author makes in chapter three is moot. In my opinion the average retail investor does not control the markets, he/she is a drafter. If an investor finds a security or and ETF with poor performance, it will be sold. Visa Versa if it has good performance, it will be held or sold for a profit. The market will sort it out, unless ESG influence is universal. I, like many, have moved funds out of Larry Fink’s company and its funds.

I found chapter four very illuminating. The author provides and outstanding review of Jack Vogel’s contribution and his dream to change the investing culture after 1987 with the creation of “Index Funds.” This movement was initially called “Vogel’s Folly.” Here he provided the means of the transfer of rich to poor thru the process of index investing.

Midway thru the book VR is concerned with the conflict of interest of asset managers, pension funds, controllers, analysts, et al. In this discussion the rating categories provided by rating systems for financial analysis are brought under the microscope. Many times I have attempted to determine where these opaque systems obtain the logic to their grading values, now I have a good idea.

In the final chapter VR provides solutions to the ESG movement the average investor must be exposed to. Additionally, by reading the book you will also be able to discover who the “Big Three” are he sites throughout the book. You may have some difficulty following his communication for his writing is very passionate and may have to be re-read. If you are in index funds, please read this book.
4 people found this helpful
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Fremont22
3.0 out of 5 stars Looking forward to reading it.
Reviewed in the United States on September 30, 2023
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Inside box flap wrinkled 25 pages.
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Top reviews from other countries

ZS
5.0 out of 5 stars very insightful
Reviewed in Canada on December 6, 2023
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full of new information that was untapped
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Vinay Kothari
3.0 out of 5 stars Begins well…
Reviewed in India on November 8, 2023
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The books is extremely informative but is a tough read for someone not interested i the financial world. A little repetitive .
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billy lim ka lan
5.0 out of 5 stars Interesting
Reviewed in Australia on October 2, 2023
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Interesting
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Joseph Myren
5.0 out of 5 stars AWESOME
Reviewed in Canada on November 5, 2023
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AWESOME
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JD
5.0 out of 5 stars Excellent!
Reviewed in Canada on October 1, 2023
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Very informative!
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