The GOP says it's mad at corporations even as it protects shareholders from taxes. But that's the thing: Firms aren't their shareholders. The GOP's "woke capital" beef isn't with capital, it's with *managers* & the workers and customers who influence them. businessinsider.com/woke-capital-i…
As such, the Republican beefs about what corporations are up to are exclusively about things with no particular link to profits or shareholder value. They want to rein in executives, so long as it doesn't actually hurt owners. businessinsider.com/woke-capital-i…
For example, if you got firms to generally stop voicing support for progressive causes, that probably wouldn't affect aggregate profits. The stakeholders seeking those corporate statements are workers or customers, not shareholders. businessinsider.com/woke-capital-i…
"Woke" corporate acts might raise profits (probably not across a whole industry, so shareholders don't lose if the whole industry is dissuaded.) But people run firms. C-suites and PR shops are not immune to the suburban anti-Trump revolt. And workers and customers influence them.
So actually in a way, the GOP whining about "woke capital" isn't flailing from a party that once aligned with big business. It's an expression of the view that corporations should exist to serve shareholders and other stakeholders should pipe down. businessinsider.com/woke-capital-i…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
