Woke capitalism and corporate socialism: Or, why American corporations are funding socialism

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The term "woke capitalism" was coined by New York Times token conservative commentator Ross Douthat and refers to a burgeoning wave of companies that apparently have become advocates of "social justice." Many major corporations, not to mention billionaire individuals, intervene in social and political issues and controversies, partaking in a new corporate activism. The "woke" corporations support activist groups and social movements, while adding their voices to political debates. Woke capitalism has endorsed Black Lives Matter, the #MeToo Movement, contemporary feminism, LGBTQ rights, and immigration activism, among other leftist causes.

The typical explanation for Corporate America's endorsements of leftist causes runs something this. With their financial and rhetorical support of Black Lives Matter and other leftist movements, woke capitalists are merely placating consumers and workers, while avoiding the backlash of activists. When corporations and mega-wealthy individuals donate vast sums to Black Lives Matter and other leftist organizations, they curry favor with these movements and use their dollars as rhetorical cover. Some might call it extortion. But the woke corporate elite put on a happy face and appear to willingly support leftism. In the case of Black Lives Matter, these corporations prove that they're not "racist" and are in tune with the cultural and social trends. They elude the ever-threatening prospects of being "cancelled" by activists, who would otherwise call for boycotts of their businesses on Twitter and other social media.

They elude the ever-threatening prospects of being "cancelled" by activists, who would otherwise call for boycotts of their businesses on Twitter and other social media.

A related but slightly different explanation is that woke capitalism supports the liberal political elite's policies and agendas of identity politics, lax immigration standards, sanctuary cities, and so on. In return for these endorsements, corporations hope to be spared higher taxes, increased regulations, and antitrust legislation.

What if, instead, the politics of the left actually serve the interests of the would-be corporate monopolists and that is why these corporations embrace leftism? That would mean that woke capitalism is actually the expression of corporate interests.

After all, the typical explanations fail to consider how the corporate elite's promotion of contemporary woke, "social justice," and outright socialist views makes the nation and the world more amendable to leftist and socialist ideas. They also fail to account for the long-term objectives of woke capitalism. And what are the long-term objectives of woke capitalism? In short, the answer is "corporate socialism." Corporate socialism is the variant of socialism on order today.

And what are the long-term objectives of woke capitalism? In short, the answer is "corporate socialism."

And what is corporate socialism? Corporate socialism is a form of neo-feudalism. It is a two-tiered system of "actually-existing socialism" on the ground, paralleled by a set of corporate monopolies on top. Wealth for the few, "economic equality," under reduced conditions, for the rest.

Corporate socialism consists of the corporate monopolization of production and distribution of goods, rather than the state monopolization of production and distribution of goods of state socialism. What do the two types of socialism have in common? Monopoly. After all, what is socialism, if not a monopoly? Socialism is the monopoly over the state, education, cultural institutions, and the economy.

For both state socialists and corporate socialists, the free market is the enemy. They both seek to eliminate it. The free market threatens the system of state control in the case of state socialism. In the case of corporate socialism, the free market represents an impediment to the unhampered accumulation of wealth. The corporate socialists do not mean to eliminate profit. Quite to the contrary, they mean to increase it and keep it all to themselves.

Socialism is the monopoly over the state, education, cultural institutions, and the economy.

To ensure and appreciate profits to the fullest, corporate socialists seek to eliminate competition and the free market. Anthony B. Sutton wrote in Wall Street and FDR that for the 19th-century corporate socialists:

The only sure road to the acquisition of massive wealth was monopoly: drive out your competitors, reduce competition, eliminate laissez-faire, and above all get state protection for your industry through compliant politicians and government regulation.

The difference between state socialism and corporate socialism, then, is merely that a different set of monopolists are in control. Under state socialism, the monopoly is held by the state. Under corporate socialism, the monopolists are giant corporations. But both are characterized by monopoly.

And both systems use socialist-communist ideology—or in the recent incarnation, "social justice" or "woke" ideology—to advance their agendas. For corporate socialism, corporate monopoly is the desired end and socialist ideology is among the means. Socialist ideology works to the benefit of monopolists because it demonizes competition and the free market in an effort to eliminate them. This explains why capitalist corporations like Amazon and mega-wealthy capitalist donors like George Soros actually fund organizations with explicitly socialist agendas, like Black Lives Matter.

The difference between state socialism and corporate socialism, then, is merely that a different set of monopolists are in control.

We can see the corporate socialist plan in action with the COVID-19 lockdowns and the Black Lives Matter/Antifa riots. The draconian lockdown measures employed by Democratic governors and mayors and the destruction perpetrated by the rioters are doing the work that corporate socialists want done. Is it any wonder that corporate elites favor leftist politics? Leftist politics are helping to destroy small businesses, thus eliminating competitors.

As the Foundation for Economic Education (FEE) points out, the lockdowns and riots have combined to level a one-two punch that is knocking out millions of small businesses—"the backbone of the American economy"—all across America. FEE reported that…7.5 million small businesses in America are at risk of closing their doors for good. A more recent survey showed that even with federal loans, close to half of all small business owners say they'll have to shut down for good. The toll has already been severe. In New York alone, stay-at-home orders have forced the permanent closure of more than 100,000 small businesses.

Moreover, minority-owned businesses are the most at-risk. Even the illustrious Andrew Cuomo agrees: "They are 90 percent of New York's businesses and they're facing the toughest challenges."

Meanwhile, as FEE also notes, there is no evidence that the lockdowns have done anything to slow the spread of the virus. Likewise, there is no evidence that Black Lives Matter has done anything to help Black lives. If anything, the riotous and murderous campaign of Black Lives Matter and Antifa had proven that Black lives do not matter to Black Lives Matter. In addition to murdering Black people, the Black Lives Matter and Antifa protest riots have done enormous damage to Black businesses and neighborhoods, and thus, to Black lives.

As small businesses have been crushed by the combination of draconian lockdowns and riotous lunacy, corporate giants like Amazon have thrived like never before. The two developments "just so happen" to move us closer to corporate socialism.

At least three of the tech giants—Amazon, Apple, and Facebook—have appreciated massive gains during the lockdowns.

As BBC News noted, at least three of the tech giants—Amazon, Apple, and Facebook—have appreciated massive gains during the lockdowns, gains which were no doubt abetted by the riots. During the three months ending with June, Amazon's "quarterly profit of $5.2bn (£4bn) was the biggest since the company's start in 1994 and came despite heavy spending on protective gear and other measures due to the virus." Amazon's sales rose by 40% in the three month's ending in June. As reported by TechCrunch.com, Facebook and its WhatsApp and Instagram platforms saw a 15% rise in users, which brought revenues to a grand total $17.74 billion in the first quarter. Facebook's total users climbed to 3 billion Internet users in March, or two-thirds of the world's Internet users, a record for the platform. Apple's revenues soared during the same period, with quarterly earnings rising 11% year-on-year to $59.7 billion. "Walmart, the country's largest grocer, said profits rose 4 percent, to $3.99 billion," during the first quarter of 2020, as reported by the Washington Post.

These same corporations are also major supporters of Black Lives Matter and affiliated groups. As cnet.com reported, "Google has committed $12 million, while both Facebook and Amazon are donating $10 million to various groups that fight against racial injustice. Apple is pledging a whopping $100 million for a new Racial Equity and Justice Initiative that will 'challenge the systemic barriers to opportunity and dignity that exist for communities of color, and particularly for the black community' according to Apple CEO Tim Cook."

Is it just a coincidence that small businesses have been more than decimated by the COVID-19 lockdowns and the Black Lives Matter/Antifa riots, while the corporate giants consolidate their grip on the economy, as well as their power over individual expression on the Internet and beyond? Or, do the lockdowns and the riots prove that corporate socialism is afoot in America? And is woke capitalism merely a concerted PR campaign for appeasing activists and blacks in order to curry favor and avoid cancel culture? Or, does woke capitalism actually express globalist corporate interests? What would a politics that serves such interests look like?

Leftist politics align perfectly with the global interests of monopolistic corporations and woke capitalism is the corporate expression of such interests.

To benefit the globalist agenda of corporate interests, those of monopolies or near monopolies, a political creed would likely promote the free movement of labor across national borders and thus would be internationalist rather than nationalist. The global corporate monopolies or would-be monopolies would likely benefit from the creation of utterly new identity types for new niche markets, and thus would welcome and encourage gender pluralism, transgenderism, and other identity morphisms. The disruption of stable gender identity categories erodes and contributes to the dismantling of the family, or the last bastion of influence between the people and corporate power. Ultimately, the global capitalist corporation would benefit from a singular globalized governmental monopoly with one set of laws, and thus would promote a borderless internationalism under a global government, otherwise known as globalism. And the corporate socialists would benefit from the elimination of small businesses.

How does this line up with leftism? Contemporary leftism has the same objectives. Leftism encourages unfettered immigration. It encourages gender pluralism and transgenderism and openly calls for the dissolution of the family. It seeks to destroy historical memory, inherited culture, Christianity, and the nation state. It aims at a one-world monopoly of government. And it despises free enterprise.

Thus, leftist politics align perfectly with the global interests of monopolistic corporations and woke capitalism is the corporate expression of such interests.

Michael Rectenwald is a former NYU Professor and the author of ten books, including his most recent, Beyond Woke. His novel, The Thought Criminal, is due out on December 1st.

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

Watch the full special below:

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Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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