Woke capitalism arrogates to corporations what should be adjudicated through our democracy. In 2020, at the World Economic Forum, David Solomon, the CEO of Goldman Sachs, proclaimed that the investment firm wouldn’t take corporations public unless they had at least one “diverse” member on their board. The ostensible logic: a diverse leadership performs better by avoiding groupthink. But the proclamation came too late. Six months before, the last S&P 500 company with an all-male board had inducted a woman. Goldman was actually virtue-signaling to divert attention from its role in the 1Malaysia Development Berhad scandal, described in 2016 as the...