The term “woke capitalism”, which is attributed to New York Times commentator Ross Douthat, refers to a growing number of companies that have become advocates of the new socialism. In the last couple of years, large public corporations have routinely intervened in numerous social, political and economic issues, setting off a new level of corporate activism. In fact, these woke corporations have supported activist groups and social movements, speaking out and entering into a number of highly charged political debates. Woke corporations have endorsed Black Lives Matter, the #MeToo Movement, various feminist groups, LGBTQ rights, voting reforms, calls to defund the police, major climate initiatives and even open borders, just to name a few current causes. Only a few years ago these same corporations would never have spoken out and taken positions on such controversial issues. What happened?
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