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The John Batchelor Show

S8 Ep273: THE ORIGINS OF CORPORATE RADICALIZATION AND STAKEHOLDER CAPITALISM Colleague Charles Gasparino, Fox Business correspondent and author of Go Woke, Go Broke. Gasparino discusses his book Go Woke, Go Broke, tracing the origins of corporate radicalization to

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 4 January 2026

⏱️ 11 minutes

🧾️ Download transcript

Summary

THE ORIGINS OF CORPORATE RADICALIZATION AND STAKEHOLDER CAPITALISM Colleague Charles Gasparino, Fox Business correspondent and author of Go Woke, Go Broke. Gasparino discusses his book Go Woke, Go Broke, tracing the origins of corporate radicalization to the 2008 financial crisis and the rise of ESG and DEIinitiatives. He explains how asset managers like BlackRock's Larry Fink embraced "stakeholder capitalism" to enforce progressive changes while seeking profit and social adulation. NUMBER 1

Transcript

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0:00.0

This is CBS Eye on the World with John Batchelor. Here's John Batchelor.

0:12.4

It's a great pleasure to welcome Charles Gasparino, Charlie Gasperino, my colleague for many years, decades even.

0:19.4

He is at Fox News. He is often in the news because of

0:23.3

breaking stories on Wall Street. These are exciting moments. We're at the edge of the new

0:28.8

AI world at the same time we're dealing with what Charlie's writing about in his new book,

0:34.8

Go Woke, Go Broke, the inside story of the radicalization of corporate

0:38.5

America, which comes down to a series of acronyms. We will attend, but the big one is ESG.

0:46.5

The book takes us to a search for the origins, and I congratulate, Charlie, because it hadn't

0:53.0

occurred to me that I had to find the place where it all started.

0:56.7

Today, ESG is understood as the French word is passe.

1:01.4

However, it's still with us politically, if not on the street.

1:05.3

Charlie, congratulations.

1:06.9

This is a joy to read.

1:09.2

Thank you.

1:09.6

It's much reporting over the years, and it's a way of telling the madness of these last four years since the pandemic struck.

1:17.1

But it's still with us in some fashion.

1:21.2

So we begin with the search for origins.

1:24.6

And we're talking about ESG, DEI, and the understanding that America is not acceptable

1:32.3

in its present form. Where do you believe it started in corporate America on the publicly traded

1:39.3

companies that are sensitive to the population? Good evening to you, Charlie.

1:43.7

Thanks for having me, John.

1:45.0

Yeah, and corporate America's sort of willing embrace of that notion

...

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