Vivek Ramaswamy

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With its decision in Students for Fair Admissions v Harvard, handed down on June 29th, America’s Supreme Court has finally laid affirmative action to rest. University administrators will surely be weeping at the grave. But what these administrators fail to appreciate is that they themselves may be accomplices in the doctrine’s demise. Their weapon of choice was an unusual one: trampling free speech on campus by enacting speech codes, showing bias against students with disfavoured views and disinviting controversial speakers. Unusual, but deadly nonetheless.

At first blush, the two may seem unconnected. The First Amendment protects very different rights than the Equal Protection Clause of the 14th Amendment, after all.…  Seguir leyendo »

When I first started writing about the rise of “stakeholder capitalism” in corporate America—and its close cousin, the ESG (environmental, social and governance) movement in capital markets—I had to explain what these terms meant because they were new concepts to most audiences. Today I must explain what they mean for a different reason: the terms themselves are now widely familiar, but their definitions have been diluted by their greatest champions. That fact alone underscores the biggest problem of all with these movements.

Stakeholder capitalism refers—or at least used to refer—to the idea that companies should serve not just their shareholders, but also other societal interests.…  Seguir leyendo »