The 2022 midterms brought mostly good news for the business community, with the return of divided government set to force both parties to work together.
However, the Republican House majority set to take power this month is ready to crack down on what it sees as “corporate wokeism,” using all of the legislative and investigatory tools at its disposal to cast aspersions on companies’ socially driven investments. Its case is strengthened by the recent collapse of the FTX cryptocurrency exchange, whose founder, Sam Bankman-Fried, had publicly embraced responsible investing principles. Recent data, though, indicates a danger in overestimating Americans’ support for the “war on woke.”
