Starting on January 20, 2021—the first day of the Biden presidency—woke capital began evolving in a different and more malignant way as well, creating an environment in which Big Government and Big Business could marry their power and impose their will on the nation and its people. No one elected any of these business overlords, yet massive Asset Managers are now working with the Federal government’s Wilsonian bureaucratic elites at a host of agencies to create the “woke-industrial complex,” and to turn corporations into vehicles for social change rather than generators of prosperity.
The centralizing tendency of democratic institutions and, in turn, the bowdlerizing propensity of centralization have combined to threaten much of what makes the United States and its strain of free-market capitalism unique and powerful.
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About the Author
STEPHEN R. SOUKUP is the author of the critically-acclaimed The Dictatorship of Woke Capital (Encounter Books, 2021). He is the senior commentator, vice president, and publisher of The Political Forum, an “independent research provider” that delivers research and consulting services to the institutional investment community, with an emphasis on economic, social, political, and geopolitical events likely to have an impact on the financial markets in the United States and abroad. He is also the director of The Political Forum Institute, a non-profit educational organization dedicated to creating and preserving community, primarily among those who earn their livings and create wealth for the nation through the capital markets. Mr. Soukup has followed politics and federal regulatory policy for the financial community since 1996, when he joined the award-winning Washington-research office of Prudential Securities. He was also the Fellow in Culture and Economy at the Culture of Life Foundation.