Woke Ideologies are Destroying Our Economy
It’s no surprise that the world’s economy has been in a tailspin since the pandemic hit. But a closer look at the financial sector reveals an even more disturbing trend: the rise of woke ideologies in the banking industry.
Recently, Fox News host Tucker Carlson lifted the veil on Signature Bank’s woke practices that allegedly contributed to its downfall during the Silicon Valley Bank (SVB) meltdown. Executives at Signature Bank apparently preferred that their employees attend woke lectures and participate in cringey music videos instead of doing what they were hired to do: banking.
In December, just months before the bank went under, the Pride Council’s self-proclaimed “gender-queer, transmasculine person” gave a pronoun lecture. But that’s not all. The bank also filmed cringe-worthy parody music videos as far back as 2011 to attract potential employees and clients.
To make matters worse, Carlson noted that the bank’s executive leadership had no relevant banking experience. Former Congressman Barney Frank (D-MA) was one of them. “He has spent his entire life in politics. He’s elderly now, but he has no relevant experience or expertise. The only reason that Signature Bank hired him is because he once regulated Signature Bank,” said Carlson.
Recent comments from Home Depot Co-Founder Bernard Marcus further highlighted the problem. “These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns,” said Marcus.
It’s clear from these examples that woke ideologies are taking precedence over actual banking practices. As a result, banks are failing to meet the needs of their customers, leading to a cascade of economic consequences like record-breaking debt and declining stock prices.
Erica Carlin is an independent journalist, opinion writer and contributor to several news and opinion sources. She is based in Georgia.
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