In recent decades, a new conception of the free market—“stakeholder capitalism”—has become influential, although a resistance movement has arisen that has been able to thwart the most drastic ideas of the stakeholder advocates. According to them, the managers of companies should take into account the interests and values of all of those affected by the company. The stakeholder advocates do not deny that managers have a fiduciary duty to the owners of their business, but they claim that other things must be considered as well. Two of these other concerns—encapsulated in the acronyms ESG and DEI—especially concern our author. I will not explain what these acronyms stand for—readers who want to know can easily find out. Suffice it for our purposes to say that they call for more “diversity,” by which is meant hiring more women and members of ethnic minorities and putting them on the company’s board of directors, and also greatly decreasing the use of fossil fuels in order to deal with “climate change.”