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New ‘excellence capitalism’ movement is challenging woke investors: Jamil Jivani in the National Post

Excellence capitalism is a response to asset managers using their power to force business leaders to think like risk-averse politicians, rather than captains of industry.

May 21, 2022
in Columns, Domestic Policy Program, Economic policy, In the Media, Jamil Jivani, Latest News
Reading Time: 1 min read
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This article originally appeared in the National Post. Below is an excerpt from the article, which can be read in full here.

By Jamil Jivani, May 21, 2022

To be free in any meaningful way, Canadians must be able to pursue a better life for their families without being vulnerable to asset managers forcing their businesses to become political organizations. This is the promise of a growing new movement known as “excellence capitalism.”

Vivek Ramaswamy, an entrepreneur and the author of “Woke Inc.,” is a man on a mission. Last week, he launched a company called Strive Asset Management to compete with the big three American asset managers: BlackRock, Vanguard and State Street.

According to its initial press release, Strive aims to establish excellence capitalism as “a new movement that leads American companies to focus exclusively on delivering excellent products and services to their customers, rather than mixing business with politics.” Strive is based in Ohio and has so far raised US$20 million (C$25.7 million) from PayPal co-founder Peter Thiel and hedge fund manager Bill Ackman, among others.

***TO READ THE FULL ARTICLE, VISIT THE NATIONAL POST HERE***

Source: National Post
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