The Tom Woods Show Ep. 2729 Does Woke Really Go Broke?
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Jan 24, 2026 Sean Griffith, Fordham law professor and corporate governance commentator, explains why managerialism keeps corporations ‘woke’ despite limited popular support. He links managerial incentives, credentialing, and institutional capture to persistent left-leaning norms. The conversation covers universities, market failures in culture, corporate incentives, and what conservatives might rethink about big business.
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Managerialism Explains Corporate Wokeness
- Corporations' wokeness links to managerialism and the separation of ownership and control.
- Managers form a distinct class that shapes corporate values independent of dispersed shareholders.
Woke As Consensus, Not Conspiracy
- Wokeness isn't a conspiracy but a consensus or atmosphere managers breathe.
- Managers internalize prevailing norms rather than plotting radical ideology.
Markets Can't Fix Woke Lockstep
- Market discipline can check egregious managerial failures but may not curb widespread ideological conformity.
- When woke norms are near-universal, product differentiation rarely triggers corrective competition.
