The Case for Shareholder Capitalism: How the Pursuit of Profit Benefits All

"The Case for Shareholder Capitalism" argues that shareholder capitalism benefits society, as it creates positive externalities for non shareholders. The book challenges misconceptions about shareholder value, emphasizing that profit results from mutually beneficial exchanges. It critiques alternatives like ESG, arguing that they promote ideological causes that may not reflect societal preferences and can force shareholders into unwanted investments. The author supports shareholder capitalism as a means of creating wealth, improving lives, and encouraging efficient resource use, advocating for long-term focus over short-term profits.