https://amgreatness.com/2021/03/03/how-wokeness-captured-big-business/
A review of “The Dictatorship of Woke Capital: How Political Correctness Captured Big Business” by Stephen R. Soukup (Encounter Books, 208 pages, $25.99)
During the 2019 shareholder season, Justin Danhof, general counsel for the National Center for Public Policy Research, tabled a shareholder proposal at Amazon’s annual meeting. “Diversity in board composition is best achieved through highly qualified candidates with a wide range of skills, experience, beliefs, and board independence from management,” it read. Uncontroversial, one might think, but Danhof was booed and heckled throughout his presentation.
Afterward, a representative for Arjuna Capital (which “works with high net-worth individuals,” its website says) told Danhof that he was simply trying “to protect white males.” A representative of the Nathan Cummings Foundation (with $424 million of cash and investments, on its most recent balance sheet) made clear that Danhof was unwelcome and should hasten, lest he be late for his next Klan meeting or book burning.
The incident is recounted in Stephen R. Soukup’s The Dictatorship of Woke Capital. What explains the greening of Wall Street and corporate CEOs becoming woke and dissing the system that made them rich? In part, it is a cheap way of buying protection—especially when shareholders are paying, as is the case with Marc Benioff, multi-billionaire CEO of Salesforce. “Capitalism, as we know it, is dead,” Benioff declared in the New York Times. Described as “one of the modern-day robber barons,” Benioff earned his billions from a series of acquisitions of profitless software companies and constant stock sales. Benioff’s schtick is “a confidence game in the true sense of the term,” says market analyst Ben Hunt.
Wokeness is not a system of morality with universal applicability. “With every breath we take,” Apple CEO Tim Cook declared in the wake of George Floyd’s death, “we must commit to being that change, and to creating a better, more just world for everyone.” Well, not for everyone—not for the tens of thousands of Chinese workers at Apple’s Foxconn iPhone factory at Longhua. In 2010, a spate of suicides led Foxconn to install nets outside many buildings to catch falling bodies.