The woke capitalism thread [Get woke, go broke]

kazz

Kingfisher
The Black vs White McDonald owner pay gap.. Because oppressed multimillionaire black businessmen are targeted and scammed by McDonalds cooperate and have no freewill to do their research and buy a McDonald's wherever they want ? :hmm:

 

CynicalContrarian

Owl
Gold Member
The destruction of evil is a good thing.

Voxday :

The death of the Hellmouth


The Hollywood spell is breaking:

Oscar ratings went from 43.7 million in 2014 to 23.6 million in 2020 to 9.8 million last night.

Good. Stop supporting those who hate you, your nation, and your Christian faith. Don't give one single dime to the Hellmouth, in any of its guises.
Stop staring into the abyss and the abyss will starve.
 
Interesting take on "woke" capital.


Over the past few weeks have gotten some comments , which I would like to address as a single blog post in detail.
Aren’t you worried about the Nasdaq president’s idea of racial/sexual quotas on all company boards trading there?
Thomas Dell tried all this woke stuff around 2004 and destroyed his company in about 2 years. (He cleverly parked his billions in VMware while his employees lost their jobs.)
Another example is Maytag. This 100-year-old company was destroyed by black CEO hand-picked by a virtual signaling chairman of the board. Also in about 1.5 years.
Scenario: Blacks and their feminist allies get on boards. They threaten chairmen with accusations of racism/sexism if not appoint blacks and incompetent women to senior management. They will publicly denounce during the struggle session via social media; or the chairman anticipates and caves.
The SEC had yet to decide on it, and a decision expected in the summer, but I don’t think it will stand. But if it does, the largest and most dominant of the tech companies, which I have recommended on the blog for years, should be ok. I think wokeness is specially bad for small and medium-sized companies, and one can even argue that large companies are trying to push wokeness, not for PR reasons, but to weaken their smaller competitors. One must not confuse correlation for causation. Typically, a large company will not be done-in by bad management, but that bad management is blamed for a company that is in decline for other reasons, such as loss of marketshare to a competitor, changing trends, obsolescence, etc.
Dell bought VMware and EMC Corp in 2016, and then Dell was relisted as a public company in 2018 after going private in 2013. Since then Dell stock has done very well, up 300%, so it would seem as though it dodged that bullet.


Amazon and Facebook and Microsoft are especially immune this regard because they derive reliable recurring revenues , so as long as the revenue stream itself is not disrupted by some unforeseen factor, then there is no reason to expect things will change even with woke management.
I think consumer goods companies are more vulnerable because they have to keep coming up with new products and have more competitors, whereas something like Microsoft can just keep re-releasing slightly modified iterations of existing products.

I can imagine a scenario in which Nike offends enough people with ‘woke ads’ that they lose marketshare to some other apparel company, but I don’t see Google suffering a similar fate, as there are few good alternatives (whereas shoes are more fungible). [But even so, conservatives continue to patronize Facebook, Twitter, Starbucks, and Apple despite management being very outspoken about their politics.] For example, the NFL has seen it ratings decline, possibly due to the kneeling controversy and BLM. There are tons of alternatives to the NFL, such as Netflix or some other sport, but how many alternatives to Windows? Just two, by a very distant second and third.

I think incompetent, ideologically-driven women in high positions of power is a problem, as we see with YouTube, but YouTube and Google are big and dominant enough to survive this.
I know that you are bullish on large tech companies, like TSLA and FB. What do you think of smaller tech ones, like SNAP or PINS? Their stocks are more volatile, though
Investing in smaller companies is more difficult because there is considerably more research and risk involved. It is easier to just focus on a couple dozen or so huge companies, which can deliver returns that are as strong as smaller companies, but with much less uncertainty and risk. Facebook went from $30 in 2012 to over $300 now. It is hard to beat those kind of returns even with small companies and superior stock picking skill. Only in hindsight it is possible to know which small companies will succeed, but with something like Facebook or Amazon, I don’t have to guess. Another problem is, is that the best companies are waiting too long to go public, so by the time they do, they are no longer small and instead worth tens of billions of dollars. It’s not like buying AOL in the early 90s or Microsoft in 1988. I would have loved to invest in Airbnb in 2015. SNAP and PINS could belong in a diversified consumer tech portfolio, along with the others I recommend, but weighted less.

TLDR:

Network effect gives big tech and other monopolies protection. Small and midsize companies not so much. Bigger companies go woke to force smaller companies to go woke which kills the smaller companies in that wokeness hamstrings their competitiveness.
 

budoslavic

Owl
Orthodox
Gold Member
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The destruction of evil is a good thing.

Voxday :

The death of the Hellmouth


“Poor” ratings for the Oscars, Grammys, Golden Globes etc. do not tell the whole story. In fact, they probably demonstrate how things are even worse culturally, with so much immoral choice on hand.

Tens of millions who eschewed watching the Oscars that night were spending their time watching globalhomo Netflix shows, “girl power” Hulu shows, or HBO “conservatives are literally Hitler” shows instead.

Millions more were watching the braindead promiscuous antics of prepubescents, adolescents, or “adults” on TikTok or Instagram.

Conservatives can gloat about tanking award show ratings all they want, but people have a multitude of ways to act degenerately nowadays. The internet and then social media and streaming apps have simply given the appearance that people are “fed up” with a rotten popular culture.

Actually, a plurality or majority of the population are immersed in this “culture” more than ever, just in more and different ways.
 

Towgunner

Kingfisher
I actually think this is way worse than we think. I'd be curious to hear from other RV forum members at F 500 companies. These "woke" people are coming for corporate jobs and not just any job but ones that have authority, AVP, VP, Managing Director, C-suite. And if that's not bad enough, they're largely incompetent. And there's nothing the existing management can do. Once these woketards get into an organization their ideology takes over, like Pol-Pot style. We may see a lot of house-hold named companies to deteriorate and die.
 

balybary

Pelican
Big companies like Google, Facebook and the likes are pushing for diversity in recruitment (meaning you got the job only if you are a retard dwarf feminist tranny).

It's a way to kill the competition of smaller companies which don't have their huge monopolistic advantages, and can't afford to support a team of trannies.

Google has a guaranteed stream of incomes, even if one of the retards they have hired choose to blow up himself in one of their buldings.

Some CEO of smaller companies are pushing back against the woke movement.

A recent one is the CEO of shopify

 
Interesting take on "woke" capital.




TLDR:

Network effect gives big tech and other monopolies protection. Small and midsize companies not so much. Bigger companies go woke to force smaller companies to go woke which kills the smaller companies in that wokeness hamstrings their competitiveness.

This is very VERY interesting. Thank you for bringing it to the forum's attention.

Exact same thing happens with regulations. A bunch of giant companies get together and concoct a scheme to make it look like a "crusading for justice" third party wants to oversee them, then they get their paid-off cronies in govt to slap a committee together, then the regulator ultimately gets staffed by former employees or former statesman who were paid off by said companies.

The overall effect is to create the illusion of safety & watchdogs so they have enormous social license to operate, and even more so to hold out or destroy smaller competition that simply can't afford the massive inefficiencies that the regulators demand.
 

bk19xsa

Robin
Amazon is considerably woke but am not seeing anything stopping its growth in the near future.

Having some friends working there, I have heard some harrowing stories about the overworked woke culture there, countless low to mid level job firings and multiple unnecessary 'diversity' programs.

I have wondered this for sometime now. How can Amazon be stopped?

It has become a giant behemoth of a company. It might succumb to wokeness from within eventually, but for now it is growing fast. I know some other Ecommerce sites are popping up and some are already doing good but I have not seen one that is growing as fast as Amazon did or towards it's scale. Amazon is also spreading very quickly in many countries of the world. AliExpress/AliBaba thwart it in East Asia and in providing cheaper value products to international markets including the US but that is where the buck stops for AliExpress/AliBaba.

I would love to see another e-commerce business that has a model better than Amazon's and one that takes Amazon down.

Amazon's key business model is that it has a 1. huge amount of products 2. very quick delivery time 3. Competitive prices.

This a great trifecta for Ecommerce. Also, since, Amazon is quite large, it can even afford to take price hits on free refunds, replacing missing items for free etc. It can also keep on acquiring new product supply chains. That is also why it can take hits on having a toxic woke culture and hiring a big percentage of diversity hires.

Lastly, just as TooFineAPoint has said above, Amazon is quite powerful and can easily manipulate government regulations and title whatever nefarious profit scheme that it comes up with as 'Save or justice for bla bla'.

It is a vicious business model.
 

Towgunner

Kingfisher
Amazon is considerably woke but am not seeing anything stopping its growth in the near future.

Having some friends working there, I have heard some harrowing stories about the overworked woke culture there, countless low to mid level job firings and multiple unnecessary 'diversity' programs.

I have wondered this for sometime now. How can Amazon be stopped?

It has become a giant behemoth of a company. It might succumb to wokeness from within eventually, but for now it is growing fast. I know some other Ecommerce sites are popping up and some are already doing good but I have not seen one that is growing as fast as Amazon did or towards it's scale. Amazon is also spreading very quickly in many countries of the world. AliExpress/AliBaba thwart it in East Asia and in providing cheaper value products to international markets including the US but that is where the buck stops for AliExpress/AliBaba.

I would love to see another e-commerce business that has a model better than Amazon's and one that takes Amazon down.

Amazon's key business model is that it has a 1. huge amount of products 2. very quick delivery time 3. Competitive prices.

This a great trifecta for Ecommerce. Also, since, Amazon is quite large, it can even afford to take price hits on free refunds, replacing missing items for free etc. It can also keep on acquiring new product supply chains. That is also why it can take hits on having a toxic woke culture and hiring a big percentage of diversity hires.

Lastly, just as TooFineAPoint has said above, Amazon is quite powerful and can easily manipulate government regulations and title whatever nefarious profit scheme that it comes up with as 'Save or justice for bla bla'.

It is a vicious business model.

It will be broken up. In fact, I think one of the reasons why big tech was so determined to steal the election was because Trump was going to start anti-trust initiatives.

I'm anticipating the rebuttal...oh they're so big, so powerful, so much market cap etc etc, which is exactly why they have to be broken up. And they're actively manipulating our elections. Hey bezos you sell books, what does that have to do with politics. They're way out of line and they know it. Eventually, they'll be broken up.
 

Towgunner

Kingfisher
Maybe someday China will take over and invite Jeff Bezos for lunch to politely explain to him why monopolizing the market is not nice, like they've done with Jack Ma recently.

Yes! Exactly. That's just how China deals with those people. Jack Ma is sleeping with the fishes right now. Sometimes you got to hand it to the Chinese.

Heck, by making homosexuality a mental illness, because it is, and being anti-feminist, they're on their way to rule the world.
 

Easy_C

Peacock
For Amazon:

Every interaction I’ve had with them indicates they’re top tier psychopaths. From my own class there are a lot of competent White guys working in the less glamorous ops and logistics roles that let the company actually function. We have one psychopathic diversity hire type in marketing. I’ve also had some interactions outside.

What they’re doing is stuffing a lot of the seat warmer jobs with psychopaths Who will have no qualms about using woke ideology as a weapon for power within the company and using it to keep the grunts in line (see: their documents about how they use diversity quotas to sabotage unionization efforts). The “no fail” logistics positions are held by competent, task focused male types, many of whom are former military officers, who are well compensated to put up with the long hours and keep their mouths shut about anything controversial.

It also serves another purpose. Their business practices are universally despised. An aggressive woke ideology gives them a basis with which to destroy any political opposition they may have.
 

Athanasius

Pelican
Amazon is considerably woke but am not seeing anything stopping its growth in the near future.

Having some friends working there, I have heard some harrowing stories about the overworked woke culture there, countless low to mid level job firings and multiple unnecessary 'diversity' programs.

Devon Stack said somewhere recently that people ask him when others (particularly whites) will put their careers on the line to say "enough" to the open borders / censorship / lockdown regime. He replied that he can't even get people to do risk-free, easy things like cancelling Netflix and avoiding Amazon. Too addicted to comfort, I guess.

Amazon has also been accused of using sales data on their site to come up with competing Amazon-branded products. I can't understand why any company would cloud-host on AWS or MicroSoft, nor why anyone trusts online subscription sites like MS 365. Given these tech companies' size and ambitions, potential competitors make up much of the market. Why do you want to let those foxes host your henhouse?
 
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