I have asked myself many times if all these woke companies have improved profits. Sadly, the answer is yes. We can't blame the companies. They are about profit; they are seeing what the market wants and meeting the demands of their customers. They have an obligation to stakeholders, not to social change. Obviously, they don't care about any fake morality, but it is good for their business.
So, who is to blame? Obviously, the left. They want pedophilia, so companies will defend sexually grooming our kids, etc...Companies reflect the wants of the market. This is our upcoming generation.
The backlash against so-called “woke capitalism” is fundamentally anti-capitalist. Companies that prioritize positive environmental and social impacts in addition to profit are responding rationally to the market and to a business case that’s been proven over decades. It’s hypocritical and short-sighted for political leaders to coerce the market to align with their interests, rather than what’s good for people, our economy and our planet.In his annual
“Letter to CEOs”, even BlackRock chairman and CEO
Larry Fink wrote that stakeholder capitalism “is not about politics. It is not a social or ideological agenda. It is not ‘woke.’ It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.”
‘Woke capitalism’ is simply capitalism — and it’s good for business | The Hill