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Stephen R. Soukup

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The Dictatorship of Woke Capital: How Political Correctness Captured Big Business Hardcover – February 23, 2021

by Stephen R. Soukup (Author)

4.6 119 ratings

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For the better part of a century, the Left has been waging a slow, methodical battle for control of the institutions of Western civilization. During most of that time, “business”― and American Big Business, in particular ― remained the last redoubt for those who believe in free people, free markets, and the criticality of private property. Over the past two decades, however, that has changed, and the Left has taken its long march to the last remaining non-Leftist institution. Over the course of the past two years or so, a small handful of politicians on the Right ― Senators Tom Cotton, Marco Rubio, and Josh Hawley, to name three ― have begun to sense that something is wrong with American business and have sought to identify the problem and offer solutions to rectify it. While the attention of high-profile politicians to the issue is welcome, to date the solutions they have proposed are inadequate, for a variety of reasons, including a failure to grasp the scope of the problem, failure to understand the mechanisms of corporate governance, and an overreliance on state-imposed, top-down solutions. This book provides a comprehensive overview of the problem and the players involved, both on the aggressive, hardcharging Left and in the nascent conservative resistance. It explains what the Left is doing and how and why the Right must be prepared and willing to fight back to save this critical aspect of American culture from becoming another, more economically powerful version of the “woke” college campus.

Print length

208 pages
Language

English
Publisher

Encounter Books
Publication date

February 23, 2021
Reading age

18 years and up
Dimensions

6.1 x 1 x 8.8 inches
ISBN-10

1641771429
ISBN-13

978-1641771429
See all details

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Editorial Reviews

Review

“This book is a real eye-opener about the campaign to politicize corporate America. It’s widely recognized that progressives have been winning the culture wars in our universities and government bureaucracies. Now they are aiming to force corporations to take their side in the battle to re-create capitalism in their own image. They have already made a great deal of progress on this front. Steve Soukup brilliantly reveals how they are doing so, and provides a loud wake-up call for those of us who’ve been largely unaware of what is happening and should be alarmed.”― Edward Yardeni, President and Chief Investment, strategist, Yardeni Research, Inc.

“If you’d like to know why the members of the ruling class think they should control and direct every aspect of your life, then the first half of Steve Soukup’s chilling book is the place to start. If you’d like to know how they intend to increase their power over you, the second half of the book spells this out in gruesome detail. Read it. Weep. And then get to work changing your world accordingly.”― Ken Blackwell, conservative columnist and former Treasurer of Ohio

About the Author

Stephen R. Soukup 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 nonprofit educational organization dedicated to creating and preserving community, primarily among those who earn their living and create wealth for the nation through the capital markets. 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 is also a fellow in culture and economy at the Culture of Life Foundation.

Product details

Publisher ‏ : ‎ Encounter Books (February 23, 2021)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 208 pages
ISBN-10 ‏ : ‎ 1641771429
ISBN-13 ‏ : ‎ 978-1641771429
Reading age ‏ : ‎ 18 years and up
Item Weight ‏ : ‎ 2.31 pounds
Dimensions ‏ : ‎ 6.1 x 1 x 8.8 inches

Best Sellers Rank: #593,677 in Books (See Top 100 in Books)
- #127 in Corporate Governance
- #468 in Business Ethics (Books)
- #503 in Political Corruption & Misconduct

Customer Reviews:
4.6 119 ratings

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4.6 out of 5

119 global ratings

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C Palm

Easy to read...

Reviewed in the United States on February 28, 2021

Verified Purchase

..almost impossible to put down. This book arrived on Thursday and it's been a nearly 'read right through experience'...I finished it this afternoon waiting for my COVID shot, at a CVS, 6 feet away from a woman droning on and on about the 'corporate powers that be' and bemoaning the fact that we had to wait for Biden to get elected to be able to get the vaccine....and I began to despair. I wondered how many more like her are out there and began to despair some more. I immediately went back to where the author speaks again of 'the immanentizing the eschaton' and reread it ---and laughed out loud!
This is a perfect book to read, reread---underline...take notes and realize that with analysis such as this author brings there IS HOPE that we can work through the March of Wokeness that is fouling the Republic and the Judeo-Christian West. It's a warning bell. It needs more and wider exposure.
If one is a long time reader of Soukup's work it has the familiarity one gets with an old friend. It's a fun (yes--fun!), and easy read---depressing as Hell at times---but eye-opening and wonderfully footnoted.
At my age I am always delighted to learn new 'stuff' and this book....delights!

41 people found this helpful

Helpful

Bob

A Great Supplement To Thomas Sowell’s Work

Reviewed in the United States on May 22, 2022

Verified Purchase

Stephen did a great job of articulating in detail the not so obvious set of incentives, constraints and (growing lack of) feedback in the heavily controlled proxy service market and the limited number of unconstrained (See Sowell’s Conflict of Visions for more detail) self proclaimed moral geniuses including Larry Fink and how those services and geniuses are very much politicizing the major markets through ETF proxy voting.

Hopefully this knowledge will become common place particularly for individual shareholders (they still control approximately 1/3 of all financial assets).

2 people found this helpful

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Peter N

Only Two Choices: Dictatorship or Disorder

Reviewed in the United States on May 27, 2021

Verified Purchase

Interesting description of the leftist takeover of business and capital markets to promote the Woke agenda; concludes that only two possible paths remain (1) the dictatorship of the Woke, or (2) social and civilizational disorder, allowing (encouraging?) different ideas to conflict:

“Conflict in politics is normal and, in a state in which the people serve as the sovereign, is inevitable. But the knee-jerk demand for order in the face of this conflict is, quite simply, the path to dictatorship and the subjugation of those whose values differ from the majority. When those who hold the most power in society determine to end conflict by waging total war and destroying those they’ve identified as enemies, society loses everything, not just its variety but the very mechanism by which variety is created in the first place.

Disorder is uncomfortable. It is messy. It is not always efficient. But it is from disorder that creative destruction springs. The urge to bring order to disorder, to impose constancy on variability, to consolidate values is not just the means by which liberty is killed, it is also the means by which Schumpeter’s gale [“creative destruction”] is killed.

The choice here is simple. If we as a civilization allow even the spirit of capitalism to become part of “the political” and part of the total state, then we will have order—for however long that lasts. If we resist the politicization of business and of capital markets, however; if we determine for ourselves that disorder and depoliticization are the preferable options, then we not only preserve liberty but also preserve the spirit of innovation and expression that harnesses liberty to create wealth and prosperity.”

Subtracted a star because the naming of names became monotonous; nonetheless, an important contribution to the understanding of our contemporary society.

11 people found this helpful

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Michael T Kennedy

A frightening explanation of recent events,

Reviewed in the United States on December 3, 2021

Verified Purchase

I saw this author interviewed by Tucker Carlson and decided to read his book. I am far from sophisticated on financial matters but the theme of the book is frightening. The financialization of the US economy has resulted in creating billionaires who are expert in manipulating money, They don't make anything but they have gotten very rich. The are taking over corporate America and imposing rules that make little sense except as an explanation of their guilt over fortunes earned by manipulation of money.

3 people found this helpful

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Peter K.

Eye Opening Read detailing how the largest corporations are fleecing bleeding hearts

Reviewed in the United States on March 7, 2023

Verified Purchase

If this book doesn't enrage you at the corruption in our world I don't know what will. These ESG peddlers are worse than millionaire pastors.

One person found this helpful

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Jay James

Reading This Book Will Make You Smarter

Reviewed in the United States on June 5, 2021

Verified Purchase

Reading the first few sections of this book, I was afraid I wasn't going to be smart enough to consume it, but Soukup does a great job of bringing it all together into a cohesive narrative that will leave a reader enlightened and more aware of the constant efforts of mind control woke corporations are expending. From the origins of critical theory with Herbert Marcuse, to the deceitful ESG nihilism of Tim Cook and Bob Iger, you will exit this book a much better informed intellect, ready to continue the battle for your right to think for yourself.

7 people found this helpful

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penpoised

Important and timely book

Reviewed in the United States on March 21, 2021

Verified Purchase

If you read just one book about the economy and capitalism this year, let it be THE DICTATORSHIP OF WOKE CAPITAL by Stephen R. Soukup. I am not a novice to the business world but I was completely unaware of what has been happening in the climate of corporate America. This book answered so many questions for which I wanted answers.

14 people found this helpful

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Saul Anuzis

An Excellent Perspective of How the Left Beat Corporate America

Reviewed in the United States on February 27, 2021

Verified Purchase

An excellent historical and contemporary look at how the left has conquered corporate America. Informative, insightful and revealing, it reveals how shareholders lost to stakeholders to justify woke capital. It lays out in great detail how corporate American sold out to the woke culture while quietly pocketing billions by going along.

16 people found this helpful

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Top reviews from other countries

Walter Benstead

Title and Content Relationship Not Totally Valid

Reviewed in Canada on October 22, 2021

Verified Purchase

The first half of the book involved a rant about long worded academic historical philosophy discussions that had nothing to do with the title. Last half he got to the valid discussion of "shareholder " vs "stakeholder". The shareholder issue is defined as concern about maximizing shareholder return. The stakeholder issue is portrayed as a lobby and internal unauthorized catering to current "in" social causes. The issue that is sadly missed is that the Free Enterprise real capitalist merit is producing goods that are needed or in demand at an input of capital and labor cost less the value of the needed product produced. That is why Free enterprise works and socialism does not. Perhaps author was only dealing with financial manipulation not real Free Enterprise. In the end he points out examples of corporate double speak. Bottom line good read just ignore the first half.

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