"Woke Capitalism: A Eulogy for a Failed Ideology"
Disney's recent admission of the negative financial impact of its activist strategy highlights the decline of woke capitalism. The company's stock price has dropped over 50% since early 2021, and its woke movies have reportedly lost a combined $1 billion. This is part of a larger trend, with Major League Baseball reversing its decision to move the All-Star Game from Atlanta and financial giant Blackrock pulling back from its Environmental, Social, and Governance (ESG) agenda. Companies and CEOs are increasingly avoiding woke stances that alienate customers, and the demand for chief diversity officers is at a 30-year low. The victory against woke capitalism can serve as a blueprint for conservatives and moderates to address other important issues.
