ESG Poses Biggest Threat to Capitalism and Democracy in America: Vivek Ramaswamy

Vivek Ramaswamy, co-founder of Strive, during an interview in Orlando, Fla., on March 8, 2022. Tal Atzmon/The Epoch Times

The push toward environmental, social, and governance (ESG) standards in the private sector is the “single greatest threat” to both democracy and capitalism in the United States, entrepreneur Vivek Ramaswamy said.

Agendas that the government cannot directly achieve via the Constitution are being pushed through the ESG movement in the private sector, he said. The ESG movement is gaining power through “the aggregation of capital” into the hands of a small number of investment firms, with the three biggest players being Vanguard, BlackRock, and State Street. Combined, these three firms manage over $22 trillion, Ramaswamy pointed out in an interview with  EpochTV’s “Crossroads” program.