‘Stakeholder Capitalism,’ the Climate Wars, and Democracy

Economy, Policies, Society

‘Stakeholder Capitalism,’ the Climate Wars, and Democracy

The leftist objectives of “woke capitalism,” a phenomenon which is intertwined with “socially responsible” investment (SRI) and has at its base, stakeholder capitalism, have obscured the way in which this combination works owes far more to fascism than to socialism. Nearly 90 years ago, Roger Shaw, a progressive writer, described the New Deal as “employing Fascist means to gain liberal ends.” Overwrought, perhaps, but not without some truth to it. He would recognize what is going on now for what it is.