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It is clear the days of “Republicans wear sneakers” thinking is coming to an end. Does this negate the efficacy of the market? Indeed, free-market capitalism is the greatest system ever devised in this imperfect world. It has lifted more people out of poverty than any other idea emanating from the socialist governments of Europe and the authoritarian regimes of Asia. The fundamental principles of supply, demand, and free enterprise have liberated billions of people from the chains of destitution. But does this unwavering support and perhaps fetishism of free markets require defending every action of the private sector? The socialist left is confused by this fact: Free-market champions can advocate for the marketplace while still being turned off by the actions of corporations and small businesses. There is no contradiction.
Silicon Valley is censoring conservatives. MLB is moving the 2021 All-Star Game out of Atlanta because the league failed to read Georgia’s new voting rules. Businesses could start demanding COVID passports. Hollywood produces content mocking Middle America’s values. It is no secret that the pillars of society, from academia to entertainment, detest anything right of House Speaker Nancy Pelosi (D-CA). The mini-Maos of the woke mob have forced entrepreneurs and executives to toe the leftist line – perhaps out of fear of falling victim to the toxic cancel culture movement that would cost them profits and publicity.
Corporate America has transformed into an institution that appeases the vocal minority, the radical left, and the media wing of the Democratic Party to place a spotlight on how woke multi-national corporations have become. No longer are companies refraining from participating in political discourse. They are now demanded to engage in the dialogue and inform the public where they stand on a particular issue.
A January 2018 Morning Consult survey found that a majority of adult consumers want brands to take positions on political or social issues. And this is a bipartisan approach to policing the marketplace. Most Democratic and Republican shoppers want to know a firm’s stance on a hot button matter, while about half revealed they care about donations made by businesses.