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.

Here are 3 ways the 'Inflation Reduction Act' WILL impact you (Hint: NOT by reducing inflation)

(Left) Photo by Joe Raedle/Getty Images/(Middle) Kevin Dietsch/Getty Images/(Right)Andrew Harrer/Bloomberg via Getty Images

The Senate has passed President Joe Biden's $740 billion "Inflation Reduction Act" over the weekend, but the only way this deceptively-named bill will reduce inflation is by crushing your buying power. The massive spending bill includes the largest climate spending package ever passed and will allocate a whopping $80 billion to make the IRS bigger than the Pentagon, State Department, FBI, and Border Patrol combined. And just wait until you see how the bill will affect our farmers.

On the radio program Monday, Glenn Beck broke down three rather "terrifying" components of the 755-page bill and how they will impact you.

Watch the video clip below. Can't watch? Download the podcast here.

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CNN’s Brian Stelter had a shocking moment of clarity Sunday when he acknowledged what everyone but the liberal media has known since before the 2020 presidential election: President Joe Biden's son Hunter has been up to some seriously dubious dealings overseas, and his father was almost certainly involved despite his repeated claims to the contrary.

On "Reliable Sources" Sunday, Stelter spoke with first lady Jill Biden's former press secretary, Michael LaRosa, about whether Biden is likely to seek a second term in 2024.

“I hope he runs, and I know he’s going to run. I think he's planning to run ... I don't see why he wouldn't run,” LaRosa stammered.

"What about his son? What about Hunter?" Stelter cut in. “Hunter [is] under federal investigation, charges could be coming at any time. This is not just a right-wing media story. This is a real problem for the Bidens."

Unluckily for Stelter, "The Hill's" Joe Concha can remember all the way back to the fall of 2020:


On a recent episode of Glenn TV, Glenn Beck discussed the most recent findings in the Hunter Biden laptop scandal. Don't get distracted by the seemingly endless stream of scandalous photos and videos, Glenn warns, it's what's coming out about Hunter's overseas business dealings that should be all over the media, because Joe Biden is involved too.

Watch the video clip below or find the full episode here.

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VOTE: You decide who gets a Badge of Merit (Round 3)

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The Purple Heart in George Washington's time was not given for being wounded. This award went to ordinary soldiers for doing something of merit—something that would find favor in the eyes of God. Washington knew they couldn't win if they weren't on God's side. And if they were on God's side, God would bless them.

I've been looking for people who deserve a George Washington badge of merit. Many of you have submitted nominations. Thank you for the love, respect, and consideration you have shown in doing so.

From your hundreds of nominations, we have narrowed it down to three finalists. Now, it's up to you to decide who gets this honor.

Here are this week's candidates:

1. Dana, the Mom to Many

Dana and her husband Brian run a nonprofit called Dogwood Ranch in southwest Missouri. According to their website:

Dogwood Ranch was created by family, for family. We believe that everyone deserves the chance to live the life for which they were created. Our mission is simple: to provide support for survivors of trauma as they journey towards wholeness. This includes creating a new heritage for foster children and youth who have been abused and neglected, by providing them with safe and healthy forever families. We are also committed to offering a place of belonging for foster teens through individualized transitional living services. Additionally, we offer specialized support through our equine assisted counseling program, which focuses on bringing restoration to foster youth and other at-risk populations, including our honored military veterans and their families. Through the operation of Dogwood Ranch, our desire is to allow those we serve a new way to experience life, family and true redemption. Everyone deserves a chance to find their way home.

According to her nominator, on top of their work at the ranch, they personally foster young girls and have had "over twenty foster girls they now call family."

Her nominator wrote:

They take the toughest cases that come up. On several occasions, I would reach out to see if she could go out, and she would say she couldn’t because they were on suicide watch that night. Young girls have tried to stab her, have stolen her car, and have come to call her Mom…She is an incredibly hard worker, no-nonsense, and full of life and joy. She is constantly making our community and our world a better place.

2. Francine, the Joyful Servant

Francine, who also goes by “Frannie,” and “Fran,” not only has multiple names, but wears multiple hats. At home, she is the mother of two boys with serious disabilities. At work, she is a caretaker for the elderly, and everywhere she goes, she is a ray of sunshine.

Her nominator entrusted her mother, who has since passed, to Francine's care at a nursing home. She said, whenever Francine was working, she would breathe a sigh of relief. She wrote:

While most of the aides looked at the work as just a paycheck, and some of them were actually cruel to the most needy patients, Fran treated each and every one of them like royalty. She saw each individual as unique and worthy of love and understanding. Every patient adored her, because they knew they were in good hands.

Her nominator wrote that she saw treatment of elderly patients that “made her skin crawl.” There was a woman at the nursing home with severe dementia who had become so antagonistic that other aides, to avoid feeding her by hand, would simply not feed her. When Fran was working, she made sure to sit with her while she ate. She even hosted “dinner parties” with multiple residents to ensure they were fed, and happy.

Her nominator wrote:

When Fran was on shift, people who needed help going to bed never had to wait long. Besides, they didn't mind waiting for FRANNIE. She always did everything with such love and care and class! Then, after a long eight hours (or sometimes a double shift!) she would go home to more of the same routine. And in spite of it all, she did it all with a smile on her face. I've never known anyone like her. She was a godsend to my mother. If it hadn't been for her, and a handful of others, Mom's time at the home would have been unbearable. This woman really does deserve an award.

3. Michael, the Godly Father

Michael was nominated by his three children for modeling how a true man of God lives, loves, and serves his community. After serving as a corpsman in the Vietnam War and then working as an elementary school teacher, his children say he was the “solid, and consistently Godly male role model” in his grandchildren’s life. His children wrote:

My father helped raise his grandkids when my sister was a single mom, even though he had already raised his own kids.

Michael shares the gospel in one-on-one Bible studies with young people who have just gotten out of jail. He raises donations for clothing, food, and blankets for the homeless. He meets weekly with young men for Bible studies, to mentor them, and help them mature into men of God.

Michael has taught true love to his children by the way he treats their mother–his wife of 42 years. They wrote:

He is a solid rock of unwavering love for her, which has had a huge impact on how my brother and I treat our own wives. Mike's steadfast love for our mother has taught us the meaning of loyalty, love, commitment, sacred covenant, compassion, honor, and what a true husband looks like.

Most importantly, they say their father "instilled in us an absolute love for our Creator and compassion for our fellow man. He is our number one role model showing us what a godly man is.”

Who do you think deserves a badge of merit? Cast your vote below.


'Really SCARY': The IRS just spent $700,000 on AMMO — and plans to add 87,000 new 'enforcement' agents

Photo by (left) Andrew Harrer/Bloomberg via Getty Images/(Right) Kent Nishimura / Los Angeles Times via Getty Images

The Democrats' wonderfully named "Inflation Reduction Act," which passed in the Senate on Sunday, includes a massive expansion of the IRS. President Joe Biden wants to hire 80,000 new agents, and of course, this is for totally non-nefarious reasons, like cracking down on all those evil billionaires committing tax fraud.

Financial expert and author of "The War on Small Business" Carol Roth joined Glenn Beck on the radio program to explain who she believes this expansion will really target.

"The Democrats like to pretend that they are the party of the middle and working class, and the Biden administration has continued to find ways to extract wealth from the middle and working class," Carol began. "We saw it in the American Rescue Plan, where they raised the reporting threshold for any sort of hobby site you might have ... down to $600. Now, and this was part of Build Back Better which we thought was dead but now is just coming back in pieces, and this piece has survived — $80 billion for the IRS. Half of that ... is going to hire 87, 000 agents for 'enforcement,' okay? We don't need 87, 000 agents to go after what was 800 or 900 billionaires ... so, who do you think they're coming after?" she added.

"They're going to come after you," Carol warned. "You should pay your taxes that are due, but that doesn't mean you're not going to get audited, and that doesn't mean you're not going to have to justify every single thing that you do and waste your time and money so they can try and extract a few more dollars from you."

Glenn mentioned that the IRS has recently purchased nearly $700,000 worth of guns and ammo to go along with these 87,000 new "enforcers."

"That is really frightening," Glenn said. "They're not going after the rich ... they're going to go after anyone who disagrees with them. And because it's now public-private partnerships, any business that doesn't agree with them."

"Yeah, this is really really scary," Carol agreed. "And the crazy thing is the number of people who gave feedback and said, 'Well, if you're not a tax cheat, what do you have to worry about?' You've hit the nail on the head, Glenn. The politicization of this is they're going to come after people, they're going to harass you, they're going to tie up your time, they're going to tie up your money, regardless of whether you have followed the rules or not."

Watch the video clip below to catch more of the conversation. Can't watch? Download the podcast here.

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