The Shifting Alliances of Wall Street and the GOP

Democrats, including leading progressives and finance industry critics, are championing free-market capitalism as Republicans escalate attacks on investing practices that consider environmental, social, and governance (ESG) factors. The GOP's campaign is pitting them against big money managers and Wall Street players, while Democrats argue that the Republican crusade against sustainable investing is an effort to protect the fossil fuel industry. The escalating culture war between the GOP and big business is straining their relationship with Wall Street and creating a new line of attack for Democrats ahead of the 2024 election.