Episode description

“Environmental, social, and governance,” better known as ESG, has been a major topic of discussion in the business world. Proponents of ESG praise companies for efforts to reduce carbon emissions and make their workplaces more inclusive. Critics have charged that ESG is merely “woke capital,” a way that corporations leverage their power and wealth to advance leftwing policy priorities at the expense of fossil fuels and traditional values. Julius Krein, editor of American Affairs, says it’s a lot more complicated than a simple “left versus right” divide. He argues that Republicans need a better alternative to ESG than “shareholder primacy,” the free-market fundamentalism at odds with rising American populism. Can Republicans find an effective alternative to ESG?

Read Krein’s piece in COMPACT, “Why the Right Can’t Beat ESG”

Watch Senator Tom Cotton’s exchange with Kroger’s CEO