
Go woke, go broke is real. It's time for American businesses to get back to basics
Fox News
Call it DEI, ESG or even just woke, but major corporations telling us how to live is going away. It's the Trump era and companies can feel comfortable working for investors once more.
American capitalism produced superior stock market returns and broad-based societal gains. The U.S. GDP has grown 16 times since 1975; Europe has grown just 11 times. Per capita income tells a similar story, with U.S. per capita income dwarfing Europe by a ratio of almost 2:1. Anson Frericks is the co-founder of Strive Asset Management and the author of the upcoming book, "Last Call for Bud Light."
In 1970, famed economist Milton Friedman wrote that "there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."













