When Milton Friedman published Capitalism and Freedom in 1962, whose freedom was he referring to anyway? When you know the answer is corporations, you begin to understand two things at once: 1) What neoliberalism was all about; and 2) Why today Woke Capitalism may not be so much a harbinger of socialism (as critics contend) as it is a way for the Powers-That-Be to distract from greater economic justice. At least that’s the vantagepoint of Carl Rhodes, whose book explores the plutocracy that America and other democratic countries are at risk of becoming, if they are not already there. Abraham Lincoln’s Gettysburg Address famously included the pledge that government “of the people, by the people, and for the people” shall not perish. Rhodes is warning, in effect, that the world of George Orwell’s Animal Farm in which some pigs are more equal than others may now be dangerously close to the truth.
Released today: episode #94 of my podcast series “Dan Hill’s EQ Spotlight,” featuring Carl Rhodes discussing Woke Capitalism: How Corporate Morality Is Sabotaging Democracy. Click on https://newbooksnetwork.com/category/special-series/dan-hills-eq-spotlight to get to the new episode.
Carl Rhodes is Professor of Organization Studies at the University of Technology Sydney. There he researches the ethical and democratic dimensions of business and work. Carl regularly writes for the mainstream and independent press alike, on issues related to ethics, policy, and the economy.