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  3. The Hidden Threat to American Capitalism, Explained by Andrew Puzder
January 27, 2025
January 27, 2025The Heritage Foundation

The Hidden Threat to American Capitalism, Explained by Andrew Puzder

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President Donald Trump appointed Andy Puzder ambassador to the European Union this past week. But before he heads to Brussels, Puzder is warning about the left-wing scourge of stakeholder capitalism.

As the former chief executive of CKE Restaurants, a major fast food corporation operating Carl’s Jr. and Hardee’s, Puzder knows what it takes to run a successful business. That’s why he’s so alarmed at the trends he’s witnessing in corporate America.

He spoke to The Daily Signal about his new book, “A Tyranny for the Good of its Victims: The Ugly Truth about Stakeholder Capitalism.”

In this episode, we cover:

• How BlackRock, Vanguard, and State Street accumulated unprecedented control over U.S. corporations

• The real meaning behind ESG policies and their impact on American business

• Why major brands are adopting policies that seem to conflict with their customer base

• The effectiveness of consumer boycotts against woke corporate policies

• Capitalism’s historic role in reducing global poverty

Purchase your copy of “A Tyranny for the Good of Its Victims” on Amazon: https://amzn.to/4ayJ1gZ

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Hosts:
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