Robert Sterling Profile picture
Sep 27 11 tweets 4 min read Read on X
The Economist published a brutal takedown of the woke movement this week.

tldr: Wokeism isn’t dead yet, but it’s suffering a significant (and much needed) statistical decline.

Let’s dive into the numbers 👇 Image
Contrary to what many believe, 2020/2021 represented the *peak* of wokeism, not the genesis.

The woke movement gained much of its momentum in 2015, with—you guessed it—the announcement of Donald Trump’s presidential campaign. Image
This peak is evident across public opinion, the media, and higher education alike.

The business world was slower to adopt wokeism, only doing so after the death of George Floyd. But it also now jettisoning it (yes, DEI really was a ZIRP phenomenon). Image
The percent of people worried “a great deal” about race relations declined from 48% in 2021 to 35% today.

Kids and even some leftists are tired of wokeism: “Some of the biggest leaps and subsequent declines in woke thinking have been among young people and those on the left.” Image
People aren’t burned out on just the racial aspects of wokeness. Opposition to trans athletes playing competitive sports outside of their biological sex has increased from 53% to 61% over the last two years.

The #MeToo movement is also apparently running out of steam. Image
Even the mainstream media is finally realizing that people are tired of woke indoctrination. Newspapers are using terms like “intersectionality” and “microaggression” less often.

In the NYT, “white privilege” went from being published 2.5 times per 1M words to just 0.4 times. Image
The same decline in woke-speak is also seen in academic papers.

Given how much of the media and online discourse is downstream of academia, this is (hopefully) an additional leading indicator that wokeism will continue its downward trajectory. Image
Speaking of universities, calls for professors to be fired for expressing unpopular beliefs also peaked in 2021 and is now on the decline. (Remember, academic freedom only applies if you’re chanting “from the river to the sea,” not when you’re questioning affirmative action.) Image
Perhaps most important for regular Americans, wokeism is declining in the workplace.

Mentions of DEI in earnings calls is only 3x compared to before the death of George Floyd (compared to 14x in the near aftermath).

DEI exec roles are also rapidly disappearing (again, ZIRP).
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Companies are terrified of the backlash and boycotts that Budweiser and Target recently faced. @MattWalshBlog and @robbystarbuck are making a tangible difference in restoring sanity to corporate America. Image
Lastly, this summary of wokeism—coming from a mainstream, center-left business publication—is absolutely brutal.

If more mainstream outlets adopt this mindset, maybe there is some small measure of hope for our future. Image

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More from @RobertMSterling

Aug 23
Don’t get an MBA. You don’t need to spend $200k to learn how to be a business leader or an entrepreneur.

You can get a better business education for $8 per month on Twitter, and in way less time than two years.

From finance to marketing to business law, here’s who to follow! 👇 Image
BUSINESS ETHICS

Business is the voluntary exchange of goods and services. And the foundation of this is ethical behavior.

If you want to learn how to do business the right way, there’s no better teacher than @moseskagan. He’s brilliant, wise, and just a thoroughly decent guy. Image
MARKETING

Believe it or not, products don’t sell themselves. If you want your business to make it, you need to get in front of potential customers.

@Camp4 is a world-class CMO. Follow him for regular master classes on building a high-performance marketing team for your company. Image
Read 20 tweets
Jan 26
What's happening on the southern border right now is nothing less than a catastrophe. But I had no bad it truly was until I looked at the data myself.

I downloaded and analyzed 23 years of Border Patrol data today. Here are six charts showing just how bad the situation is 👇 Image
How much worse has Biden been than other presidents when it comes to the border?

In the 34 months for which data is available, Biden has had a staggering 6.7M encounters at the southern border.

In comparison, at this stage, Bush had 2.8M, Obama had 1.2M, and Trump had 1.4M. Image
In other words, 34 months in, Biden has had more encounters than Bush, Obama, and Trump did COMBINED during their first 34 months (6.7M vs. 5.5M).

Biden's 6.7M encounters in 34 months are also more than Trump and Obama had in the combined 144 months of their ENTIRE presidencies.
Read 9 tweets
Aug 7, 2023
There will never be a US vs. China hot war.

Why?

It’s not because of iPhones or TikTok.

It’s because we feed the Chinese people.

If China ever attacks us, farmland roughly the size of the state of Utah stops supplying them.

Read on for just how huge 🇺🇸/🇨🇳 ag trade is. Image
Before I get into all the back story and details here, let me just say:

Yes, you read that correctly.

The land mass in America dedicated to Chinese agriculture exports is about the size of the entire state of Utah. All 85,000 square miles of it. Image
You see, China has a problem: As its population has grown, it hasn't been that good at feeding its own people. By 2030, more than 40% of Chinese calories will be imported from outside the country.

And the US, aside from Brazil, is the largest supplier. Image
Read 12 tweets
Jul 31, 2023
Stop scrolling! Don't shake this thread off!

Introducing...

Private equity firms as Taylor Swift looks! 🔥🔥

(Look what you guys made me do.)

Starting with:

BAIN CAPITAL

(1/16) Image
KKR

(2/16) Image
CARLYLE GROUP

(3/16) Image
Read 16 tweets
Jun 8, 2023
Stop reading threads about office politics at the PGA.

Forget about paying Phil $200M, or offering Tiger $800M.

If you want to grasp how Saudi Arabia took over American golf, you need to understand Aramco, the greatest cash-generation machine in world history.

Let's dive in. Image
You're probably familiar with Aramco. In fact, a lot of you have probably read books about it—the history of it is fascinating.

But, if Aramco is a new name to you, just know that it's the Saudi oil company.

And it absolutely prints money. A staggering amount of it.
How much cash does Aramco generate for the Saudi government?

Think of it this way: In 2022, Exxon Mobil, America's largest energy company, paid dividends of slightly under $15B to its shareholders... Image
Read 13 tweets
Mar 4, 2023
My former boss’s boss’s boss’s boss’s boss controls a $100B+ conglomerate, w/ a personal net worth of $68B.

Think he has nothing in common with the world of small business?

You're wrong.

Here's what Charles Koch can teach us about the silver tsunami of SMB owners retiring. 🌊
This is going to be a looooong thread. So I'm going to break it into 3 parts.

In part 1, I'll talk about succession dynamics at Koch.

In part 2, I'll relate that to the world of SMB.

In part 3, I'll talk about a novel approach that most searchers overlook.

Ready? Let's go! 🚀
PART 1: SUCCESSION AT KOCH INDUSTRIES

For most people here, you've probably worked at a large business. Maybe a Fortune 500 company, or a major investment bank, or a large PE fund.

You're likely familiar with how large corporations work.

But that's far from how Koch operates.
Read 39 tweets

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