The Big Lie of Woke Capitalism

American Thinker ^ | 7 Feb, 2022 | S.R. Piccoli

[MtnClimber]

Corporations have gone political and seek, or at least profess to seek, change in the world.

There are at least three terms to describe the concept of stakeholder capitalism -- corporate wokeness, woke corporatism, and woke capitalism. The last of the three was coined in 2015 by Ross Douthat when writing a piece for the New York Times. He defined it as how companies signal their support for progressive causes in order to maintain their influence in society. Since then the concept has become very popular in the U.S. and worldwide, corporations have gone political and seek, or at least profess to seek, change in the world.

SNIP

In his annual letter to BlackRock shareholders a few days ago, CEO Larry Fink argued that expectations of business leaders have changed dramatically in the last few years. Increased profits, happy shareholders and more jobs are no longer what a chief executive is expected to deliver. For instance, most stakeholders -- from shareholders, to employees, to customers, to communities, and regulators -- “now expect companies to play a role in decarbonizing the global economy.” And “few things will impact capital allocation decisions -- and thereby the long-term value of your company -- more than how effectively you navigate the global energy transition in the years ahead.” This illustrates perfectly what stakeholder capitalism -- the new mantra of the Business Round Table as announced in August 2019 and endorsed by almost 200 CEOs of the largest corporations -- is all about. In Klaus Schwab’s words,

That is the core of stakeholder capitalism: it is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large.

[MtnClimber]

Using woke companies to force compliance to rules that the government is prohibited from doing.

[joshua c]

sounds like corporatism/fascism

[paulcissa]

Sounds like, because it IS. Walks like a duck, quacks like a duck.....etc.

[Migraine]

The arms of Krupp.

[TimSkalaBim]

We’re witnessing the corporate contribution to the construction of the Borg. The business case (as these evil ceos see it) for going woke is that everyone - employees, customers, suppliers, investors - gets plugged into, as one article put it, the blended digital, physical and biological virtual reality, and instead of products, corporations will be selling the software systems linking it all together.

[janetjanet998]

Avoid all things woke as much as possible

Don’t watch
Don’t buy

[Susquehanna Patriot]

Ironic no? How former “liberals” now naturally evolved into far leftists hated the legal idea of big institutions, especially the church and corporations, now find them very valuable to promote and institutionalize their radical ideology on the road to serfdom.

[T.B. Yoits]

Using woke companies to force compliance to rules that the government is prohibited from doing.

The textbook definition of Fascism and Pfascism.

[sergeantdave]

“The textbook definition of Fascism and Pfascism.”

That’s correct. Don’t know why stupid “conservative” writers keep trying to invent new words for fascism. The word fascism evokes certain images and will work well to destroy the left’s progressivism, aka as fascism.

[Vaduz]

BINGO