Along the way, he quotes the billionaires on their moral virtue and public-spiritedness, while raising concerns about wealth inequality, low labor union participation, and lack of antitrust enforcement. Goodman skewers Salesforce founder Marc Benioff for dodging corporate taxes, BlackRock CEO Larry Fink for his firm trading debt that it was helping the government appraise, and Blackstone founder Stephen Schwarzman for flipping real estate in low-income communities after hiking rents. While the book delves into deep questions about the relationship between companies and the government, it is far from a philosophical treatise - relying instead on detailed reporting to show how capitalists convince themselves that the profit motive always leads to just public policy.ĭavos Man derives much of its power from rollicking but cynical vignettes. That seems like an odd question, but Peter Goodman, a New York Times economics correspondent, gives a persuasive answer in the affirmative in his new book, Davos Man. Is the undemocratic spirit of the Davos Forum behind your ESG fund?
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