The Distorted Market for Woke Capitalism AIER

At the nexus of all this is a curious combination: a neo-mercantilist approach to realizing profit alongside a conviction that the business of business somehow involves resolving as many of the world s political, social, and cultural problems as possible. This reflects deep misunderstanding if not corruption of the role of business vis-à-vis other groups responsibilities in society. When this gets mixed in many corporations growing tendency to behave as if virtue-signaling is somehow supposed to supplement (or even supersede) the signaling function of prices, the long-term results for consumers, politics, and America are toxic.

via www.aier.org

H/t instapundit.