Woke Capitalism Just Collapsed. Here’s Why

Donald Trump is the President-elect and Meta, Walmart and McDonald’s have forsaken previous diversity policies. Meanwhile, in the U.K., the Labour government is struggling with popular support while the economy fails to deliver and growth continues to stagnate.

All while Elon Musk demands that Keir Starmer, the Prime Minister, be removed. But why is this all happening at the same time? And why do progressives have so little to offer when it comes to the economy and people’s material conditions?

Brett Christophers is a geographer, author and former management consultant. According to him the commitment of parties like Labour and the U.S. Democrats to the prevailing economic orthodoxy – from support for asset managers to financial services more generally – is why they will continue to struggle.