MEDIA ADVISORY

For Immediate Release
June 23, 2023

CONTACTS:
Hamilton Strategies, [email protected],
Beth Harrison, 610.584.1096, ext. 105,
or Deborah Hamilton, ext. 102

The CCP/Marxist Takedown of American Business

The ESG Agenda is ‘Socialism with Chinese Characteristics’

WASHINGTON — The Chinese Communist Party (CCP) has relentlessly pursued for decades its goal of taking down the United States through techniques it calls “unrestricted warfare.” Among the most important of its lines of attack in that campaign has been concerted economic warfare aimed at weakening the engine of American prosperity — the American capitalist system.

Relatively obvious manifestations of the devastation wrought by this form of warfare have included: the hollowing out of our industrial base; the annual theft of $600 billion worth of our propriety and even classified technology and information; and the diversion of, by some estimates, some $3-6 funds from our capital markets to China.

Less obvious, but no less destructive, has been the Marxist agenda known as environment, social and governance (ESG). American businesses have been forced via what amounts to a corporate scoring process akin to the CCP’s “social credit system” to embrace the radical left’s demands regarding “climate change” and “diversity, equity and inclusion.” So-called “stakeholder capitalism” has replaced the priority central to a viable free-market economy — namely, shareholder capitalism.

A prime mover in this “fundamental transformation” has been BlackRock Chairman and CEO Larry Fink. He has relentlessly used his company’s immense holdings of shares of American corporations to compel make-overs of their boards of directors, business models and priorities in ways that have harmed returns on investment, market share and profitability while embroiling such businesses in funding and otherwise supporting various initiatives that are not driven by the profit motive and may even harm their bottom line.

As it happens, Larry Fink has also been one of the most vociferous of the CCP’s “Old Friends” on Wall Street when it comes to investing other people’s money — including U.S. pension funds, 401k plans, mutual funds, index funds, exchange-traded funds, etc. — in China. Notably, at a moment last year when economic downturns there and Xi Jinping’s increasingly costly peevishness towards foreign investment and even his own country’s capitalists were flashing red lights, Fink encouraged a three-fold increase in American money flows there.

The next Committee on the Present Danger: China (CPDC) webinar, titled “The CCP/Marxist Takedown of American Business,” will assess the connection between the ravages of ESG in American business and the interests of the Chinese Communist Party in inflicting as much harm to this vital sector as possible, both in the person of Larry Fink and more generally.

The webinar will take place today, Friday, June 23, from 2:00-3:15 p.m. ET.

WHAT: A CPDC Webinar | The CCP/Marxist Takedown of American Business

WHEN: 2:00-3:15 pm ET, Friday, June 23

WHO:

Moderator:

Frank Gaffney, Founder and Executive Chairman, Center for Security Policy; Vice Chairman, Committee on the Present Danger: China

Panelists:

Steve Soukup, author, “The Dictatorship of Woke Capital: How Political Correctness Captured Big Business” and publisher of the Political Forum Institute
– Topic: “Woke Capital: How the ESG Agenda is Harming America’s Business Sector — and Why”
Dr. Michael Rectenwald, PhD: Former Marxist and Professor, New York University; Distinguished fellow at Hillsdale College, author of 12 books including “The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda” (Jan. 2023), “Thought Criminal,” and “Beyond Woke”
– Topic: “The Chinese Communists, the World Economic Forum and the Marxist ‘Resetting’ of American Business” 
Kevin Freeman, CFA, Host of “Economic War Room with Kevin Freeman”; President, National Security Investment Consultants Institute; author, “Secret Weapon,” “Game Plan” and “According to Plan”
– Topic: “How the Chinese Communist Party Benefits from the ESG Agenda”
 Will Hild, President, Consumer’s Research
– Topic: “Larry Fink: Poster-boy of, and Prime-mover behind, the Nexus between the ESG Agenda and Strengthening the Chinese Communist Party”
Christopher Holton, Senior Analyst and Director of State Outreach, Center for Security Policy
– Topic: Countering the ESG Agenda Across America: Fighting Back at the State Level”

HOW: Register to attend at PresentDangerChina.org

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To interview representatives of the Committee on the Present Danger: China, contact [email protected], Beth Harrison, 610.584.1096, ext. 105, or Deborah Hamilton, ext. 102.

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