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368 pages, Hardcover
First published August 17, 2021
The contrast between capitalism and the caste system was striking. Living in Kerala every summer as a kid made me miss America. Capitalism was the first ideal I really loved, the first time I’d ever loved a system. Capitalism brought people together; the caste system kept them apart.
My dad’s a liberal, and he argues that American capitalism creates a new caste system based on wealth. That’s hard to deny. But that’s not the goal of capitalism—certainly not the pure form of it that I fell in love with as a kid. Capitalism is supposed to be just an economic system, not a social system. And the caste system is supposed to be the opposite—a social system, not an economic system. Paradoxically, that means they both share one fundamental precept in common: the size of your bank account has nothing to do with your moral worth.
Yet over the next 30 years, it was actually American-style capitalism that slowly bound the wounds opened by caste. People now regularly marry across caste lines. There’s no rule about who can and can’t enter a house through the front door. “The lower-caste guy who works at Domino’s now delivers to our home in the village, and my family tips him to show their appreciation, just as we do in America. When you eat out at Pizza Hut, you ring a large bronze bell to say thank you when you leave—funny enough, the exact same kind of sacred bronze bell that we used to ring when we left the village temple.
By allowing Indians to share goods and services with each other freely, capitalism gradually allowed them to marry whomever they wanted to as well. Capitalism, an economic system, fixed these problems with caste, a social system
"Sincere liberals get tricked into adulation by their love of woke causes. Conservatives are duped into submission as they fall back on slogans they memorized decades ago— something like “the market can do no wrong”—failing to recognize that the free market they had in mind doesn’t actually exist today. And poof! Both sides are blinded to the gradual rise of a twenty-first-century Leviathan far more powerful than what even Thomas Hobbes imagined almost four centuries ago.
This new woke-industrial Leviathan gains its power by dividing us as a people. When corporations tell us what social values we’re supposed to adopt, they take America as a whole and divide us into tribes. That makes it easier for them to make a buck, but it also coaxes us into adopting new identities based on skin-deep characteristics and flimsy social causes that supplant our deeper shared identity as Americans.
Corporations win. Woke activists win. Celebrities win. Even the Chinese Communist Party finds a way to win (more on that later). But the losers of this game are the American people, our hollowed-out institutions, and American democracy itself. The subversion of America by this new form of capitalism isn’t just a bug; as they say in Silicon Valley, it’s a feature..."
"But there’s a difference between speaking up as a citizen and using your company’s market power to foist your views onto society while avoiding the rigors of public debate in our democracy.
That’s exactly what Larry Fink does when BlackRock issues social mandates about what companies it will or won’t invest in or what Jack Dorsey does when Twitter consistently censors certain political viewpoints rather than others. When companies use their market power to make moral rules, they effectively prevent those other citizens from having the same say in our democracy."
"Under the guise of doing good, the corporate con artists hide all of the bad things that they do every day. Coca-Cola fuels an epidemic of diabetes and obesity among black Americans through the products it sells. The hard business decision for the company to debate is whether to change the ingredients in a bottle of Coke. But instead of grappling with that question, Coca-Cola executives implement antiracism training that teaches their employees “to be less white,” and they pay a small fortune to well-heeled diversity consultants who peddle that nonsense. That’s the Goldman playbook. It’s not by accident; it’s by design..."
"These corporate behemoths are doing the work of big government under the mantle of private enterprise—and they’re getting away with it together. It’s the most dangerous kind of woke capitalism of all—the kind where the government explicitly co-opts private institutions to do the government’s own bidding.
As we’ve discussed, the unholy marriage between government and corporations isn’t just hypothetical. Nor is it hyperbole—in fact, it may soon have a name. New York University researchers published a report titled “False Accusation: The Unfounded Claim That Social Media Companies Censor Conservatives,” which calls for the Biden administration to form a new “Digital Regulatory Agency” to fight dangerous ideas such as the assertion that social media companies have anti-conservative bias.46 Remind you of Orwell’s Ministry of Truth?
Well, it gets worse.
According to the New York Times, we now have a “reality crisis.” The solution? Experts are calling for the administration to “put together a cross-agency task force to tackle disinformation and domestic extremism, which would be led by something like a ‘reality czar.’” Importantly, “This task force could also meet regularly with tech platforms, and push for structural changes that could help those companies tackle their own extremism and misinformation problems… it could become the tip of the spear for the federal government’s response to the reality crisis.” Others are calling for a “truth commission.”47 For anyone who’s still wary of my argument that Big Tech censorship is state action disguised as private action, don’t take it from me. Just listen to America’s newspaper of record..."
"The analogy between Christianity and the Church of Diversity is so strong that it’s evident that wokeness plays a religious role in one’s life, and therefore really is a religion, for legal purposes. Under the woke worldview, being born white, straight, male, or—worse—all three is an original sin that one must spend their life atoning for. Just as Catholics think we inherited the sins of Adam and Eve even if we’ve done nothing wrong, disciples of wokeness think we’ve inherited the sins of the Founding Fathers—the mechanism for group guilt is just called systemic racism instead of original sin. And as I pointed out earlier, the woke left punishes its heretics with the same fervor as any inquisition and for the same reasons—even more important than bringing infidels to the light is keeping the faithful on the straight and narrow path. Any deviation from orthodoxy must be punished..."
"...Don’t get me wrong. True diversity is very valuable, both for a nation and for a company. But it’s diversity of thought that’s supposed to matter, not a kind of diversity crudely measured by appearance or accent. At some point we all started using superficial qualities as proxies for intellectual diversity. But the more we focused on those proxies for intellectual diversity, the less we cared about the thing the proxies were supposed to represent. Just as Jesus had become a threat to the institution of the Church in Dostoevsky’s tale, intellectual diversity had become a threat to American corporations, universities, and other institutions. Just as the Grand Inquisitor sentenced Jesus to execution, today’s corporate stewards sacrifice intellectual diversity at their corporate altars in the name of a new Diversity..."