I’m not gonna celebrate working class people losing their jobs. But I will celebrate the message, that if the company gets political so will the consumers. The factory workers don’t deserve to lose their jobs. The executives that push woke policies do.
But even the executives are caught between a rock and a hard place. Institutional investors have forced ESG on companies that would rather just stick to providing a product without politics. If they don’t play, those investors punish them. If they don’t play, ESG makes other companies shun them. So I’m not sure how effective the message is.
I sense this is an empty victory because blackrock and vanguard are still enforcing ESG. You notice that Busch is still supporting woke causes. They tried to woo their customers back by pushing pro-‘Murica advertising, all while endorsing groomers elsewhere. What do we do to remove institutional power that is fueling company wokeness.
The only thing I can think of is getting Trump back in office and having some sort of law passed against the enforcement of woke ideology, or something like that. There are no market forces that will sort it out, so it has to be something legislative. Either that or woke companies are forced out of business and eventually the woke will run out of money...