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Show Notes
Professor Michael Rectenwald, who prevailed in a free speech fight at NYU a few years ago, recently published “Woke Capitalism is a Monopoly Game.” It begins:
“In 2018, Ross Douthat of the New York Times introduced the phrase ‘woke capital.’ Essentially, Douthat suggested that woke capitalism works by substituting symbolic value for economic value. Under woke capitalism, corporations offer workers rhetorical placebos in lieu of costlier economic concessions, such as higher wages and better benefits. The same gestures of wokeness also appease the liberal political elite, promoting their agendas of identity politics, gender pluralism, transgender rights, lax immigration standards, climate change mitigation, and so on. In return, woke corporations hope to be spared higher taxes, increased regulations, and antitrust legislation aimed at monopolies. Although woke capitalism alienates cultural conservatives, the Republican Party remains procorporate, making woke capitalism a win-win strategy for corporations…”
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