"A new creature has appeared on our political landscape—woke capitalism.
- It is not the usual, perfectly rational, corporate politicking where businesses hire lobbyists or run PR campaigns to help boost their bottom lines.
- Here clout is mobilized to advance policies that have absolutely nothing to do with either generating profit or enhancing a company’s “good citizen” public imagine.
Indeed, this political venture may be inimical to shareholder value and prove a political liability.
Woke capitalism is best understood as ill-informed, economically counter-productive virtue-signaling.
...Particularly odd about this sudden outpouring is how it has overshadowed Biden’s call for increased corporate and business-related taxes.
...Particularly odd about this sudden outpouring is how it has overshadowed Biden’s call for increased corporate and business-related taxes.
Where is Starbucks’ outrage about tax hikes that will reduce company profits and thus executive salaries?
Surely these hefty tax increases deserve more CEO attention than the number of drop-off boxes for mail-in ballots..."
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