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Speaker 1: The Michael Berry Show. Michael Rectenwald is known for his

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Speaker 1: critiques of political correctness as well as woke culture and

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Speaker 1: the intersection of corporate and government power, which is literally

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Speaker 1: what fascism was about. Formerly a professor of liberal studies

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Speaker 1: at New York University, Rectenwaal gained prominence after writing anonymously

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Speaker 1: under the non de plume of the anti PC NYU

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Speaker 1: prof and eventually he publicly voiced his opposition to what

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Speaker 1: he considered ideological conformity in academia. His discussion of quote,

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Speaker 1: the Rise of Corporate Fascism critiques the growing influence of

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Speaker 1: corporations aligning with governmental power to enforce policies that prioritize

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Speaker 1: ideological agendas over free market recipes. Remember how the government

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Speaker 1: during COVID would use your employer to threaten you that

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Speaker 1: you had to do what they wanted. You had to

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Speaker 1: take the clock shot or they would fire you. Well,

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Speaker 1: that's how government uses private companies as their agents, and

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Speaker 1: it's evil. So this special bonus podcast is a discussion

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Speaker 1: by Michael Rechtenwald r ect n w Ald. If you

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Speaker 1: want to read more of what he does, I like

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Speaker 1: his stuff. It's called The Rise of corporate fascism. I

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Speaker 1: suspect that for many people, fascism is a word they've

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Speaker 1: heard used many times. They're not even sure how it's

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Speaker 1: different than Nazism. But that's what this is, and he

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Speaker 1: explains it well, and you're going to see that, Yes,

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Speaker 1: this is happening in America today.

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Speaker 2: So today I'm going to talk about the rise of

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Speaker 2: corporate fascism. But the title of the talk is Woke

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Speaker 2: Capitalism is economic fascism. So we're going to begin by

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Speaker 2: addressing just what I'm talking about here, How is woke

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Speaker 2: capitalism economic fascism and what's wrong with it? So, as

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Speaker 2: we know, economic fascism has a long history, dating to

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Speaker 2: the nineteen twenties and thirties. Naturally, when the word fascism

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Speaker 2: is used, we think of the totalitarian regimes of Mussolini

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Speaker 2: and Hitler and the ugly, racist and anti Semitic characteristics

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Speaker 2: of those regimes, But there was also an economic policy

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Speaker 2: and component of fascism known in Europe in the nineteen

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Speaker 2: twenties and thirties as corporatism. Corporatism is the subordination of

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Speaker 2: the economy to the state and the state's adoption of

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Speaker 2: favored corporations. Corporatism was an essential element of the economic

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Speaker 2: totalitarianism practice under Mussolini and Hitler. Corporatism was adopted in

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Speaker 2: Italy and Germany during the thirties and was held up

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Speaker 2: as a model for policy makers and intellectuals in the

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Speaker 2: United States and the rest of the West. A version

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Speaker 2: of economic fascism was in fact adopted in the United

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Speaker 2: States in the thirties, and it survives to this day.

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Speaker 2: In the United States, these policies were not called fascism.

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Speaker 2: They were called planned capitalism. We have witnessed, though, of late,

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Speaker 2: a parade of economic fashion policies under Divide administration, with

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Speaker 2: its twelve plus executive orders directed at climate change, and

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Speaker 2: even its Chips and Science Act, all of which are

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Speaker 2: instances of economic fascist intervention. So today, economic fascism or

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Speaker 2: corporatism flies under an entirely different banner. Today we see

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Speaker 2: it called woke capitalism by its critics, or by its proponents,

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Speaker 2: stakeholder capitalism. So it's stakeholder capitalism and woke capitalism that

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Speaker 2: I'll talk about. And these two, in fact, I'll say,

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Speaker 2: are the same. And I'm going to try to explain

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Speaker 2: to you just why these corporations have adopted leftism exactly

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Speaker 2: what's in it for them? Okay? So stakeholder capitalism, we're told,

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Speaker 2: as a form of capitalism that benefits customers, suppliers, employees,

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Speaker 2: the local communities, society, and the planet. In addition to shareholders,

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Speaker 2: a stakeholder is supposedly anyone that stands to benefit or

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Speaker 2: lose from corporate behavior other than competitors, we may suppose.

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Speaker 2: Stakeholder capitalism involves changes to the behavior of corporations with

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Speaker 2: respect to carbon based energy use, but also in terms

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Speaker 2: of the distribution of benefits and externalities that corporations produce.

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Speaker 2: It means not only corporate cooperation but also major governmental

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Speaker 2: intervention in the economy. However, as to sync from standard corporatism,

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Speaker 2: it is being driven first and foremost by corporations themselves,

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Speaker 2: and only later is endorsed and enforced by the state.

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Speaker 2: Stakeholder capitalism includes not only corporate state responses to ecological

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Speaker 2: issues such as climate change and also climate change, but

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Speaker 2: also rethinking their commitments to already vulnerable communities within their

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Speaker 2: eco systems. Says Claus Schwab, this is the social justice

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Speaker 2: aspect of stakeholder capitalism. These special stakeholders are supposed to

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Speaker 2: include women and black, brown, Indigenous, transgender, and other special

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Speaker 2: identity groups who supposedly stand to benefit from this stakeholderism. However,

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Speaker 2: they don't. Its proponents pits stakeholder capitalism against what they're

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Speaker 2: called neoliberalism. Now, neoliberalism is a weasel word that is

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Speaker 2: used by different people to mean different things. But Claus

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Speaker 2: Schwab and his co author Tieri Malaret, they use the

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Speaker 2: term to refer to what is otherwise known as the

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Speaker 2: free market. This is the enemy of stakeholder capitalism. The

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Speaker 2: free market is to them a corpus of ideas and

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Speaker 2: policies that can loosely be defined as favoring competition over solidarity,

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Speaker 2: creative destruction over government intervention, and economic growth over social welfare.

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Speaker 2: As if those terms economic growth and social welfare can

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Speaker 2: be opposed, that's the absurdity here. Stakeholder capitalism thus is

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Speaker 2: opposed to free market, the free market system, to capitalism itself.

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Speaker 2: Now we're told that stakeholder capitalism will benefit all these stakeholders,

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Speaker 2: but in interfering with the market economy, stakeholder capitalism presents

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Speaker 2: a grave injustice to the real stakeholders of businesses, not

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Speaker 2: only their stockholders or owners, employees and customers, but also

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Speaker 2: society at large. Today I mean to show you just

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Speaker 2: how stakeholder or woke capitalism poses a threat not only

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Speaker 2: to the free enterprise system, but also to individual liberty

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Speaker 2: and a free society. So let's take a little foray

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Speaker 2: into popular culture. What is Who is? Doctor Evil? General

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Speaker 2: Motors Super Bowl advertisement Doctor Evil? This was the twenty

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Speaker 2: twenty two Super Bowl last year, summon viewers to ponder

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Speaker 2: the issue of climate change. The ad introduced the company's

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Speaker 2: electric vehicles stylized as v's, before apparently committing the corporation

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Speaker 2: to a net zero future. In the same breath, GM

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Speaker 2: subtly suggested what it ordered to be a looming catastrophe

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Speaker 2: of climate change. Baby and gentlemen, our takeover of General

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Speaker 2: Votors is complete.

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Speaker 1: Doctor Abel. We can now use GM's ultium platform to

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Speaker 1: power our whole operation.

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Speaker 2: Now we can reduce tailpipe of missions. I'm sorry, am

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Speaker 2: I no longer Doctor Evil? I'm Doctor Good. Now.

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Speaker 1: I didn't get the meaning.

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Speaker 2: Climate change is arguably the number one threat to the world.

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Speaker 1: Now, doctor Abel, you are now the number two threat

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Speaker 1: to the world.

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Speaker 2: I refuse to be number two. Number two. We have

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Speaker 2: to help the planet. Oh, please cheer for my son.

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Speaker 2: Your son, I shall name him baby me. No, his

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Speaker 2: name is Kyle. You must help save the world first,

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Speaker 2: then you can take over.

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Speaker 1: Okay, for how about you let me do the business?

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Speaker 1: All right?

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Speaker 2: Hold on, I've got it. I will help save the

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Speaker 2: world first, man, then take over the world.

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Speaker 1: She literally just said that, Scott, you just don't get it,

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Speaker 1: do you? What?

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Speaker 2: What's then? I get you? You're gonna get it.

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Speaker 1: You can't draw me into these little you have like

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Speaker 1: a charmin adult.

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Speaker 2: You can't push my buttons anymore.

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Speaker 1: Will reduce that common footprints? Whatever?

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Speaker 2: Okay, let's get you're going Oh on that trick, nor

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Speaker 2: you Scott. One day you're going to run the company,

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Speaker 2: baby me.

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Speaker 1: So.

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Speaker 2: The ad reprises the theme of the Austin Power series.

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Speaker 2: Mike Meer, Seth Green, Rob Lowe and Mindy Sterling play

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Speaker 2: Doctor Evil. Dr Evil's son, Scott number two and foul

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Speaker 2: Fraul Farvarsina, respectively, as his cohorts inform him. Despite having

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Speaker 2: taken over GM, Doctor Evil has been just placed by

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Speaker 2: climate change from his position as the world's number one threat.

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Speaker 2: Not to be outdone or to have his plans for

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Speaker 2: world domination. Thwarted Doctor Evil co ops Frau Farbuscina's words,

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Speaker 2: vowing to regain his number one position by becoming part

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Speaker 2: of the climate solution. I will help take over the

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Speaker 2: world first, then save the world. The irony of GM's

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Speaker 2: Doctor Evil appropriation was not lost on Gizmoto columnist Molly Taft,

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Speaker 2: for whom GM is a real life super villain openly

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Speaker 2: pretending to be a superhero and making its pretensions blatant.

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Speaker 2: She writes, GM's long history of climate denial makes this

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Speaker 2: ad painfully literal and is a warning about how polluting

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Speaker 2: companies are now trying to greenwash their reputations. But for Taft,

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Speaker 2: GM is Doctor Evil himself. Marshaling this iconic character is

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Speaker 2: too clever by half and cuts matters too close to

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Speaker 2: the bone. Now the ad should strike us as ironic too,

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Speaker 2: But GM's playful adoption of Doctor Evil was a joke

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Speaker 2: on such observers as Taft. The company ironically suggested that

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Speaker 2: it is not the criminal force that Taft and others

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Speaker 2: have made it out to be. After all, Doctor Evil

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Speaker 2: is a fictional villain and not the real CEO of GM.

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Speaker 2: But even more ironic is perhaps GM's perhaps unintentional representation

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Speaker 2: of the world economic form. Just as GM appropriated Doctor

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Speaker 2: Evil and Doctor Evil appropriated Frau Farbarcina, the AD seem

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Speaker 2: to reference the men and ethos of Claus Schwab, the

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Speaker 2: chairman and founder of the WF or War of Economic Forum,

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Speaker 2: who has been popularly likened to the villain. Schwab is

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Speaker 2: the world's leading corporate mouthpiece of climate change catastrophism. He

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Speaker 2: and his corporate stakeholders signed onto the wf's agenda also

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Speaker 2: stand again outside economic and political power, as this agenda

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Speaker 2: is enacted through his brainchild stakeholder Capitalism. Its Environmental, Social

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Speaker 2: and Governance Index, the ESG already measures corporate compliance with

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Speaker 2: the agenda. Stakeholder capitalism makes partners of corporations in the

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Speaker 2: world's governance system as well while advancing their monopolistic economic ambitions.

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Speaker 2: Now does GM Does GM really mean to appropriate Klaus Schwab?

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Speaker 2: Whether the whether the appropriation is conscious or not, the

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Speaker 2: AD nevertheless recalls Schwab's stakeholderism, and given the prevalence of

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Speaker 2: the comparison of Doctor Evil and Clock Schwab all over

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Speaker 2: the Internet and the expenditures for the ad, which had

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Speaker 2: to be in the multi millions. It is highly unlikely

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Speaker 2: that the creative team was unaware of this comparison, But

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Speaker 2: whether the infegation of Schwab's intentional or not, the AD

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Speaker 2: nevertheless issued a biting, tongue in cheek criticism of the

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Speaker 2: agenda that GM and consumers are being compelled to accept. Furthermore,

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Speaker 2: the Doctor Evil ad tacitly acknowledges that something is evil

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Speaker 2: afoot with the establishment of stakeholder capitalism. No matter how

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Speaker 2: much the WF and its corporate partners gloss the project

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Speaker 2: in terms of equity and sustainability, the sense that an

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Speaker 2: evil is an agenda is being conducted under the imperatives

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Speaker 2: of stakeholder capitalism is irresistible. Now this has also been

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Speaker 2: called wo capitalism. The phrase woe capitalism was coined by

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Speaker 2: a New York Times editorialist, Ross du Taught. It was

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Speaker 2: used to describe a new form, a new corporate activism

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Speaker 2: in line with the woke agenda, the promotion by for

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Speaker 2: profit corporations of identity politics, gender prolalism, transgender rights, lacks,

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Speaker 2: immigration standards, voting reform, climate change mitigation, and so on.

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Speaker 2: You know the list. Upon coming, coining the term to

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Speaker 2: thought ventured to explain it. He essentially suggested that woe

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Speaker 2: capitalism works by substituting symbolic value for economic value. That is,

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Speaker 2: under woke capitalism, corporations offer workers and consumers a rhetorical

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Speaker 2: placebo in place of real costlier concessions such as higher

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Speaker 2: wages or better benefits or lower prices. The same gestures

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Speaker 2: of wokeness also appealed to the elite, the liberal elite

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Speaker 2: political elite, whom the woe corporations hope will spare them

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Speaker 2: higher taxes as maplis pointing out increased regulations and antitrust

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Speaker 2: legislation aimed at monopoly.

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Speaker 1: If you liked the Michael Berry Show in podcast, please

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Speaker 1: tell one friend, and if you're so inclined, write a

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Speaker 1: nice review of our podcast. Comments, suggestions, questions, and interest

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Speaker 1: in being a corporate sponsor and partner can be commit

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Speaker 1: unicated directly to the show at our email address, Michael

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Speaker 1: at Michael Berryshow dot com, or simply by clicking on

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Speaker 1: our website Michael Berryshow dot com. The Michael Berry Show

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Speaker 1: and Podcast is produced by Ramon Roeblis, The King of Ding.

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Speaker 1: Executive producer is Chad Knakanishi. Jim Mudd is the creative director.

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Speaker 1: Voices Jingles, Tomfoolery, and Shenanigans are provided by Chance McLean.

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Speaker 1: Director of Research is Sandy Peterson. Emily Bull is our

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Speaker 1: assistant listener and superfan. Contributions are appreciated and often incorporated

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Speaker 1: into our production. Where possible, we give credit, where not,

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Speaker 1: we take all the credit for ourselves. God bless the

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Speaker 1: memory of Rush Limbaugh. Long live Elvis, be a simple

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Speaker 1: man like Leonard Skinnard told you, and God bless America. Finally,

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Speaker 1: if you know a veteran suffering from PTSD, call Camp

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Speaker 1: Hope at eight seven seven seven one seven PTSD and

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Speaker 1: a combat veteran will answer the phone to provide free counseling.