12/05/2019

Woke Capitalism Is a Sign of Things to Come

"The U.S. industries most obsequious to Chinese audiences present themselves as socially, culturally, and economically progressive at home. The National Basketball Association, Hollywood, Silicon Valley, and major financial institutions are exemplars of the “woke capitalism” that has transformed the business landscape in recent years. GM cannot meet the demands of 48,000 striking workers, but it wants you to know that it supports wind power and gender equity. GE suspended pension benefits, but remains a signatory to the U.N. Global Compact, is a highly rated workplace according to the Human Rights Campaign, and received a State Department award for “inclusive hiring in Saudi Arabia.”

What might look like a contradiction is actually a concurrence. Corporations are terrified by the specter of controversy that attracts scrutiny and regulation. Supporting Hongkongers invites rebuke. To be “woke” in America today does not. That is the difference between the celebration of Nike and the demonization of Chick-fil-A. Given the cultural power of the new progressivism, protests from conservatives weigh little in the balance."