ESG Is Simply a Socialist Plot by a Group of ‘Corporate Elites’ Disguised as Free Market: Andy Puzder

A sign for BlackRock Inc. hangs above the company's building in New York City, on July 16, 2018. Lucas Jackson/Reuters

Many leftist progressive groups are pushing environmental, social, and governance (ESG) standards on companies and investments, claiming that such standards will benefit society. Andy Puzder, a visiting fellow at The Heritage Foundation and author of “The Capitalist Comeback,” warns that ESG is simply socialist ideologies being falsely presented as the free market.

In an interview with The Epoch Times’ “Crossroads” program, Puzder pointed out that while capitalism is a form of “economic democracy,” with customers in charge of the economy, socialism involves the elites controlling the economy. In capitalism, people vote with their dollars while companies become profitable by meeting the needs of the people.