Scott Shepard is a fellow at the
National Center for Public Policy Research
and Director of its
Free Enterprise Project
Nov 21, 2022
Corporations Undermine Their Anti-Discrimination With Support of Discrimination
More than 60 corporations signed on to an amicus brief in the U.S. Supreme Court case heard shortly before the midterm elections that will determine whether...
Nov 11, 2022
Deficits and Spending Are a Tax, But They Do NOT Cause Inflation
There’s been a lot of sloppy thinking about inflation in the run-up to this week’s elections. Campaigning lends itself to broad, rather than nuanced, pronouncements....
Nov 1, 2022
Twilight of the Twitter Toll-Booth Trolls, and Their FB Friends
It looks, ladies and gentlemen, as though a great many millennials who were not trained to have any faculty for objectivity or reflectiveness are going to discover the market value...
Oct 27, 2022
BlackRock Conflates and Confuses In 'Setting Record Straight' On Energy Boycotts
BlackRock looks to be in some trouble. It’s assets under management have fallen from $10-11 trillion to $8 trillion, with profits falling 16 percent in the third...
Oct 18, 2022
In Ian's Wake Even Disney Gets Corporate Activism Right, For Once
Sensible, neutral corporate activism efforts are possible. As Florida and the rest of the southeast assess the damage from Ian, even Disney appears to be getting it right. Long...
Oct 4, 2022
Bloomberg, Dimon and Fink Draw Capitalism As Rule By the Noble
Well, there they go again. Woke executives have noticed that vast swathes of Americans aren’t much interested in their proposed future – one full of renewed...
Sep 28, 2022
Conservative Activists Offer Exxon a Stellar, Sensible Board Nominee
Europe’s headed for a long, cold winter – the fault for which lies squarely at the feet of climate-catastrophist politicians and business executives. Neither of those...
Sep 21, 2022
Ill-Designed 'Inflation' Indices Guarantee Fed Policy Mistakes
This is part 2 of a series. The first part is here. The first installment of this series revealed (though of course it is not a novel recognition, either in general or on these...
Sep 14, 2022
Do Not Mistake Rising Prices For Inflation
Are we in the middle of an inflationary cycle? Does stagflation haunt our future? What should be done if we are and it does, or we aren’t and it doesn’t? None of those...
Sep 8, 2022
Bank of America's Equity: Racial Discrimination, Elitism, Fraud, and Bad Business
Bank of America (BoA)’s newest racially discriminatory program provides a casebook study in what “equity” is really about – racial discrimination...
Aug 31, 2022
Corporations Pay Employees to Discriminate Based on Race...And That's Illegal
A series of shareholder demands predicate to lawsuits, and now some lawsuits themselves are forcing some notably bad-actor corporations away from the unquestionably illegal policy of...
Aug 26, 2022
Chinese De-Listings From U.S. Exchanges Signal Hidden ESG Horror
Chinese government-owned companies are beginning to delist from American stock exchanges. While this might seem like a minor win for those who seek to decouple the American and...
Aug 19, 2022
If Global Warming Is 'Existential,' Will Larry Fink Ration?
If carbon emissions are a world-historical crisis, if they threaten the end of modern civilization, and if the only way to respond is to end those emissions, then we...
Aug 11, 2022
Wise States Begin to Push Back Against BlackRock, Larry Fink
Encouraging reports indicate that the more sensible of the states have finally begun to confront not only the leftist takeover of corporate boards and executive suites, but against...
Aug 5, 2022
The Chickens of 'Woke' Are Coming Home to Roost on Business Heads
The chickens of wokeness are coming home to roost on the heads of the business leaders who have done so much to unleash this plague upon us. There’s a better, and less...
Jul 27, 2022
All the Trips to Davos Have Gone to Larry Fink's Head
Larry Fink really has let all of those trips to Davos go to his head. In what is, so far as I know, the BlackRock CEO’s most recent act of public grandiloquence, he and...
Jul 21, 2022
Morningstar's ESG: Proudly Leftist, Covertly Anti-Israel
Morningstar, the investor-research firm, claims to be “all in for investors,” and that because its founder “thought it was unfair that people didn’t...
Jul 13, 2022
What Honest, Natural ESG Would Look Like
Despite the transparent prevarications of the most powerful proponents of current ESG, those positions are entirely and deeply partisan. As has been noted on these pages before,...
Jun 30, 2022
With Knee-Jerk Dobbs Responses, Woke CEOs Keep On Digging
Woke CEOs build traps for themselves, and then fall right into them, with such regularity that even the venerable Wile E. Coyote has begun to look away in...
Jun 23, 2022
Lawful Workplace Diversity Requires Full School Choice
Big news from the United States Supreme Court this week. No, not that news. Rather, the decision in Carson v. Makin that struck down Blaine Amendments and their progeny as...
Jun 16, 2022
Too Few People Want What Joe Scarborough Is Selling
However badly the one-time pillars of the American news industry misunderstand economics, they cannot escape it. The law of supply and demand, like the gods of the copybook headings,...
Jun 1, 2022
As Larry Fink Retreats Rhetorically, His Incoherence Grows Louder
Larry Fink, the CEO of BlackRock, appears to know that his attempt to run the American economy, and to inflict his personal preferences on society from company headquarters, are at...
May 26, 2022
It's Past Time for Corporations to Abandon the World Economic Forum
And so, after two years of lockdowns required them to do their plotting by Zoom, the self-appointed Masters of the Universe have met again in Davos, Switzerland, presumably in a...
May 20, 2022
Is the Woke Corporate 'Worm' Finally Turning?
More than a few executives appear to be glimpsing the high costs of politicized corporate management. A chief driver of these revelations is surely the rolling market correction that...
May 13, 2022
Equity Theory As a (Terrible) Strategy for Growth
Many corporate executives have claimed that embracing “equity” theory at their companies (and, in the case of investment-house CEOs, trying to force equity on companies...
May 10, 2022
A Legal Test for Evaluating Modern Corporate-Executive Self Dealing
Proponents of stakeholder capitalism and ESG initiatives invariably claim that they are acting for the neutral, objective, bipartisan interests of everyone. Some weeks ago in these...
Apr 26, 2022
Unionization In the Time of Automation
Unions have recently won organizational votes at New York City-area branches of Starbucks and Amazon, companies they have been trying to crack into for years. There is good...
Apr 21, 2022
What Could Have Possibly Motivated the SEC's Sudden Investigation of Elon Musk?
There has been great hope for civic liberty in the days since Elon Musk made the bid heard round the world (discussion of which is not yet banned on Twitter) to buy that...
Apr 15, 2022
Jamie Dimon, J.P. Morgan, and the Authoritarian Impulse
It appears that Jamie Dimon, the CEO of JPMorgan Chase, really enjoys telling other people what to do, whether they’ve chosen to interact with him or not. A few days back...
Apr 7, 2022
Disney, Florida, and the Folly of Special Business Exemptions
1And then in the year of dread Wokeness the third, it came to pass in the Land of Dis, where Walt he begat him his line, 2but upon which in later days lay the rule of dark...
Mar 31, 2022
Stakeholder Capitalism: Neither Capitalism Nor For Stakeholders
Long ago Voltaire noted that the Holy Roman Empire, decaying into ruin in the middle of Europe, was neither Holy nor Roman, nor an Empire. Most of my generation ran across the line,...
Mar 24, 2022
The SEC's Climate-Disclosure Proposal Politicizes Corporate Oversight
The U.S. Securities and Exchange Commission (SEC) has proposed a new rule, one that would require companies to spend vast sums to collect and report information...
Mar 16, 2022
'Equity'-Based Discrimination At a Retailer Near You
Corporate America’s panicked embrace of “equity” in the summer of 2020 isn’t going to end well for anyone, most particularly the companies that have embraced...
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