{"id":45029,"date":"2023-02-28T11:01:00","date_gmt":"2023-02-28T16:01:00","guid":{"rendered":"https:\/\/nationalcenter.org\/?p=45029"},"modified":"2023-02-28T13:10:19","modified_gmt":"2023-02-28T18:10:19","slug":"woke-capital-an-american-problem-requiring-an-american-solution","status":"publish","type":"post","link":"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/","title":{"rendered":"Woke Capital: An American Problem, Requiring an American Solution"},"content":{"rendered":"

What is woke capital and how can it be stopped? \u00a0Stephen Soukup<\/a> says the solution is likely to be uniquely American.<\/p>\n

Last week Soukup delivered an important address at the 2023 Engelsberg Ideas Summit, presented by the Axel and Margaret Ax:son Johnson Foundation for Public Benefit.\u00a0 Soukup — who serves as the Vice President and Publisher of The Political Forum, a program of the National Center — is the author of the bestselling book The Dictatorship of Woke Capital: How Political Correctness Captured Big Business<\/a><\/em>.<\/p>\n

\"Stephen<\/a>

Stephen Soukup<\/p><\/div>\n

In his address, Soukup started by offering a definition of woke capital:<\/p>\n

the top-down, antidemocratic means by which some of the most powerful and best-known men and women in business are endeavoring to change capitalism, to change the securities markets, and to change the fundamental relationship between the state and its citizens \u2013 in an effort to right historical wrongs and to “save” the world.<\/p><\/blockquote>\n

Soukup then proceeded to explain woke capital’s historic and ideological roots. He outlined how three men in particular — Herbert Marcuse, Jack Bogle and Ted Benna — played significant roles in the development of this phenomena.<\/p>\n

Soukup concluded by summing up the problem of woke capital, and his hope for an American solution:<\/p>\n

Today, because of the contributions of the three men identified here, the United States faces a business and capital markets crisis.\u00a0 A significant majority of Americans are invested in the equities markets, but they have no say in corporate behavior.\u00a0 Their shareholder voting rights \u2013 and their voice \u2013 have been usurped by the passive fund managers who control their assets.\u00a0 Average Americans provide an unprecedented share of corporate capitalization but have almost none of the power that traditionally comes with capital investment.\u00a0 That power has been taken from them and is employed by massive asset management firms, the employees and executives of which are dedicated \u2013 often explicitly and in writing \u2013 to the advancement of woke ideology and principles, as advocated by Herbert Marcuse and refined over the decades.<\/p>\n

This is not to say that woke and woke capital are not problems in Europe and other parts of the world.\u00a0 They are, inarguably….<\/p>\n

Unfortunately, given the United States\u2019 position in the global economic, social, and political spheres, its problems become the world\u2019s problems, albeit a problem that most of the rest of the world has no ability whatsoever to solve. To paraphrase Metternich, when America sneezes, the world catches cold.<\/p>\n

The good news is that Americans \u2013 like Jack Bogle and Ted Benna \u2013 still tend to be creative, incisive, and ambitious, which is to say that the nation that unleashed this problem on the world and that, therefore, has the responsibility to fix it, also has the capacity to do so.<\/p><\/blockquote>\n

Read Soukup’s remarks in their entirety on The Political Forum’s website, aptly named WokeCapital.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is woke capital and how can it be stopped? \u00a0Stephen Soukup says the solution is likely to be uniquely American. Last week Soukup delivered an important address at the 2023 Engelsberg Ideas Summit, presented by the Axel and Margaret Ax:son Johnson Foundation for Public…<\/p>\n","protected":false},"author":2,"featured_media":43733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,30],"tags":[269],"yoast_head":"\nWoke Capital: An American Problem, Requiring an American Solution - The National Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The National Center\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/\"},\"author\":{\"name\":\"The National Center\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/person\/0fb68cd906a7035d2baf49d7be339507\"},\"headline\":\"Woke Capital: An American Problem, Requiring an American Solution\",\"datePublished\":\"2023-02-28T16:01:00+00:00\",\"dateModified\":\"2023-02-28T18:10:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/\"},\"wordCount\":484,\"publisher\":{\"@id\":\"https:\/\/nationalcenter.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2022\/07\/money.jpg\",\"keywords\":[\"Speech\"],\"articleSection\":[\"Featured\",\"Free Enterprise Project\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/\",\"url\":\"https:\/\/nationalcenter.org\/ncppr\/2023\/02\/28\/woke-capital-an-american-problem-requiring-an-american-solution\/\",\"name\":\"Woke Capital: An American Problem, Requiring an American Solution - 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