Fact Sheet: Anti-Free Market Crusade is Failing • July 12, 2023

As leaders in the U.S. House of Representatives prepare to dedicate significant time with congressional hearings to advance the sputtering anti-free market attack that’s been ongoing in state legislatures for over a year, For the Long Term is releasing a new fact sheet that highlights how the movement is shaping up to be an overall failure.

Despite the attempts by proponents of the anti-free market crusade to spin their efforts as a nationwide trend, the fact sheet shows that their impact is nothing more than a mere blip on the radar of the overall market and a political sham that has failed to gain traction or garner support from the general public.

Key points from the fact sheet include:

• Anti-free market states comprise a tiny fraction of state pension funds’ assets under management and the market as a whole.

• “Anti-Woke” funds are underperforming while their flows slow to a trickle.

• The anti-free market push is a political loser, with low public awareness and lackluster candidates running on the platform.

• Efforts to advance the anti-free market efforts are falling flat at the federal level.

• Across the country, the anti-free market push in state legislatures is faltering, with just 22 bills out of 165 passing. 

Read and download the fact sheet here.

For the Long Term is committed to promoting economic freedom and exposing policies that hinder growth and opportunity. The fact sheet aims to provide a factual analysis of the anti-free market movement's failures, highlighting the need to oppose policies that restrict our free market, hinder competition, and clamp down on access to risk information.

Background: The fact sheet’s release comes after the U.S. House leaders held two bizarre hearings on the issue. Both hearings served to double down on asinine conspiracy theories and an array of nonsensical arguments in an effort to revive failing efforts to advance anti-free market legislation in the states. Read more about the first and second hearings.

About For The Long Term: For the Long Term is a 501(c)(3) organization that supports state and municipal treasurers, comptrollers, controllers, and auditors in leveraging the power of their offices to deliver prosperity for their beneficiaries and their constituents and long term economic growth for our country by advocating for more sustainable, just, and inclusive firms and markets. Learn more at ForTheLongTerm.org.

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