Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism

Pershing Square Capital boss Bill Ackman and tech billionaire Peter Thiel are among the investors backing an upstart fund that’s aiming to lead a movement against politically influenced “stakeholder capitalism.”

Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism

America Is Headed for Class Warfare + More

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.

America Is Headed for Class Warfare

Related:

“Workers aren’t getting bailed out like the billionaires”: Detroit workers livid over surging gas prices

“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices

It’s Wrong For Politicians To Announce Plans To Punish Companies For Speech, No Matter Who Does It

I feel like I keep needing to write this, but once again, no matter who does it and no matter which company they’re targeting, it’s wrong for politicians to promise to punish companies for their speech. For some reason, many people’s position on this point changes based on whether or not they like or dislike the politician, and whether or not they like or dislike the company. But it’s wrong.

It’s wrong when Senators Ted Cruz and Mike Lee go after Major League Baseball for its speech. It’s wrong when Senator Elizabeth Warren threatens Amazon for its speech. It’s wrong when Senator Marsha Blackburn (and a ton of others) threaten Disney for its speech. It’s wrong when White House officials threaten Facebook for its speech. And it’s wrong when Rep. Ken Buck threatens Apple for its speech.

All of this is grandstanding nonsense, but it’s designed to suppress speech. It’s designed to punish companies for speech that these elected officials dislike. And that’s even if the companies have said something stupid or acted in a way that deserves a regulatory response. By positioning any response as retaliation for speech, these politicians are fundamentally going against the 1st Amendment.

It’s Wrong For Politicians To Announce Plans To Punish Companies For Speech, No Matter Who Does It