Woke Capitalism: How Corporate Morality is Sabotaging Democracy

Description

Does 'woke capitalism' improve capitalism's image or does it threaten the future of democracy? From Nike's adoption of Colin Kaepernick, to Gillette's engagement with the toxic masculinity debate, the 21st century has seen a sharp increase in corporations taking over public morality, a phenomenon which has come to be known as 'woke capitalism'. Carl Rhodes takes us on a lively and fascinating history of woke capitalism from the 1950s corporate social responsibility, through 1980s neoliberalism, alongside the adoption and mutation of the term 'woke' from Black American culture and brings us right up to current day debates. Examining the political causes that woke capitalism has adopted, and the social causes that it has not, he argues that this surreptitious extension of capitalism has serious implications for us all. 'As the world reels from the impact of COVID-19 on people's lives, what role do corporations play in our democratic processes? Is the concept of "woke" being used to further corporate interests, and deepen current levels of inequality? This accessible and compelling book addresses these questions and provides new insights.' - Kate Kenny, JE Cairnes School of Business and Economics, National University of Ireland, Galway 'This excellent book reveals the threat of 'progressive' corporations to humanity, democracy, and the environment. It offers a compelling and urgent call for us to wake up to 'woke capitalism' before it is too late!' - Peter Bloom, University of Essex 'Businesses increasingly talk about value, purpose and responsibility. In this beautifully written book, Carl Rhodes asks us to consider whether these companies can be trusted with our collective futures. Can we trust corporations when they speak about equality and justice? - Martin Parker, University of Bristol

Carl Rhodes is Professor of Organization Studies at the University of Technology Sydney. He researches the ethical and democratic dimensions of business and work. Carl regularly writes for the mainstream and independent press on issues related to ethics, politics and the economy.

"Revealing the history of woke capitalism from the 1950s through to today, this is a must-read for anyone interested in current affairs, political debate, and how to truly advance transformative causes and movements." Love Reading Carl Rhodes explores how the corporate world's calculated embrace of social justice poses a significant societal threat. This book not only unveils the hypocrisies and self-serving nature of 'woke capitalism', but also its pernicious effect on democracy. LSE Review of Books "The workplace has become politicised as never before and companies are struggling to adjust to the demands of younger consumers and employees... [Woke Capitalism] examines the history of this phenomenon -- from corporate social responsibility, through neoliberalism and the debates about the topic -- as well as the political causes it has adopted and the implications for all of us." Financial Times