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The Dictatorship of Woke Capital: How Political Correctness Captured Big Business - Paperback | Diverse Reads

The Dictatorship of Woke Capital: How Political Correctness Captured Big Business

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For the better part of a century, the Left has been waging a slow, methodical battle for control of the institutions of Western civilization. During most of that time, “business”— and American Big Business, in particular — remained the last redoubt for those who believe in free people, free markets, and the criticality of private property. Over the past two decades, however, that has changed, and the Left has taken its long march to the last remaining non-Leftist institution. Over the course of the past two years or so, a small handful of politicians on the Right — Senators Tom Cotton, Marco Rubio, and Josh Hawley, to name three — have begun to sense that something is wrong with American business and have sought to identify the problem and offer solutions to rectify it. While the attention of high-profile politicians to the issue is welcome, to date the solutions they have proposed are inadequate, for a variety of reasons, including a failure to grasp the scope of the problem, failure to understand the mechanisms of corporate governance, and an overreliance on state-imposed, top-down solutions. This book provides a comprehensive overview of the problem and the players involved, both on the aggressive, hardcharging Left and in the nascent conservative resistance. It explains what the Left is doing and how and why the Right must be prepared and willing to fight back to save this critical aspect of American culture from becoming another, more economically powerful version of the “woke” college campus.

ISBN-13: 9781641773010

Media Type: Paperback

Publisher: Encounter Books

Publication Date: 04-25-2023

Pages: 216

Product Dimensions: 6.00(w) x 8.90(h) x 0.40(d)

Stephen R. Soukup is the senior commentator, vice president, and publisher of The Political Forum, an independent research provider that delivers research and consulting services to the institutional investment community, with an emphasis on economic, social, political, and geopolitical events likely to have an impact on the financial markets in the United States and abroad. He is also the director of The Political Forum Institute, a nonprofit educational organization dedicated to creating and preserving community, primarily among those who earn their living and create wealth for the nation through the capital markets. Soukup has followed politics and federal regulatory policy for the financial community since 1996, when he joined the award-winning Washington research office of Prudential Securities. He is also a fellow in culture and economy at the Culture of Life Foundation.

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From the Publisher

“This book is a real eye-opener about the campaign to politicize corporate America. It’s widely recognized that progressives have been winning the culture wars in our universities and government bureaucracies. Now they are aiming to force corporations to take their side in the battle to re-create capitalism in their own image. They have already made a great deal of progress on this front. Steve Soukup brilliantly reveals how they are doing so, and provides a loud wake-up call for those of us who’ve been largely unaware of what is happening and should be alarmed.”— Edward Yardeni, President and Chief Investment, strategist, Yardeni Research, Inc.

“If you’d like to know why the members of the ruling class think they should control and direct every aspect of your life, then the first half of Steve Soukup’s chilling book is the place to start. If you’d like to know how they intend to increase their power over you, the second half of the book spells this out in gruesome detail. Read it. Weep. And then get to work changing your world accordingly.”— Ken Blackwell, conservative columnist and former Treasurer of Ohio

Table of Contents

Introduction What Is Woke Capital? 1

Chapter 1 To Whom Does Wall Street Belong? 13

Part I Well, how did we get here?

Chapter 2 Wilson, Waldo, and the Fed 23

Chapter 3 The Long March Through the Institutions 36

Chapter 4 Where Two Streams Meet 49

Chapter 5 Friedman, Sorel, and the Heroic Myth 67

Part II After the long march

Chapter 6 From SRI to ESG 81

Chapter 7 Setting the Field 89

Chapter 8 The Players, Part One: On the Left 97

Chapter 9 The Players, Part Two: On the Right 137

Chapter 10 The World's Biggest Corporation: Rotten to the Core? 147

Chapter 11 Is the House of Mouse Contaminated by Rotten Apples? 155

Chapter 12 Amazon, Hate, and the Poverty Palace 161

In Conclusion 167

Notes 171

Index 187