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.