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Why would major corporations destroy brands and lose billions in market share and corporate value?
“Executives at companies like Nike, Anheuser-Busch and Kate Spade, whose brand endorsements have turned controversial trans influencer Dylan Mulvaney into today’s woke “It girl,” aren’t just virtue signaling.
They’re handing out lucrative deals to what were once considered fringe celebrities because they have to — or risk failing an all-important social credit score that could make or break their businesses. …” (emphasis added)
https://nypost.com/2023/04/07/inside-the-woke-scoring-system-guiding-american-companies/
I’ll take a stab at this. I’m not sure what it’s called when an investor intentionally drive the price of stock down then swoops in to buy low then drive the price back up. hmm… just a thought.
Typically that would be the way, but thats not whats going on here, historic brands are being destroyed for no reason except some fanatical wokism with no hope for return.
For example, I grew up collecting Marvel comics, now I have no positive association to it since that nasty Disney corporation got its hands on the rights and Disney was a company I used to love, I grew up on Mickey Mouse and all the other characters.
Brands are being destroyed with no intention of ever bringing them back. Sprouts the health food store decided to go woke and tell customers they cannot come into their stores armed here in Texas and ever since they did this, their stock is going down and they are having to close down stores.
My hunch is they no longer need us as good little consumers that we have done our best to show that we can be, they just need us dead or enslaved.
Daniel,
That’s a very interesting point of view, I’ve been wondering about such things myself. Maybe we’re all now seen as utter liabilities, worth more dead than alive. As far as I’m aware (subscribers please correct me if I’m wrong), there’s no legal requirement for any government to fulfill the retirement and healthcare promises that have been made to their citizenry. Then again, no Congress wants to be the one on whose watch Social Security and Medicare were reneged upon. That MIGHT cause an uprising.
George Carlin talked about a class of employees who were “just smart enough to operate the machines and complete the paperwork, and just dumb enough never to question why it was they were working for ever less generous wages and benefits” (I’m paraphrasing, but that was the gist). Maybe now we’re no longer needed as either workers or consumers.
After all, if corporations are going to be judged on ESG criteria, rather than whether or not they can turn a profit, then presumably it matters far less if anyone’s actually buying their goods and services.
Excellent assessment Thomas. If consumerism isn’t driving a company as motivation, you have to look at what is the driver shaping the goal and end games being devised in the Board rooms.
Apologies, revision #2.
“California Insider” is doing a fantastic job documenting and unpacking why California is dying by interviewing former political lawmakers and insiders. All the advice, Catherine, on why knowing your state and county laws, budgets is critical is tragically proven essential. This is a recent clip, “CA treats its businesses like criminals and its taxpayers like organ donors.”
https://youtu.be/vFgHMUF9giY
Yea Calfornia sounds just like here in Ontario.
I mean in developing my online course on land assessment, I recently learned that Humboldt County, California was hippie gangster country before cannabis became legal, now they are just bitter former hippie gangsters…I mean sounds like the area was already going down the drain, that is certainly not an environment to raise a family and that’s unfortunate too because there are some wonderful homesteading properties in Humboldt County area.
Yeah dude…Humboldt County is part of what’s known as “The Emerald Triangle,” since the 1960s. Locals know this. Google the term Emerald Triangle.
Here’s a good starter link about it:
https://en.m.wikipedia.org/wiki/Emerald_Triangle
Catherine, “California Insider” is doing a fantastic job documenting why Cal
LOCAL REGIONAL BANK OFFERING CERTIFICATE OF DEPOSIT,10 MO.@5.50%, MUST BE NEWLY DEPOSITED$ MIN.AMOUNT=$25,000..AVAILABLE ONLY WITH A NEWLY OFFERED CHECKING ACCOUNT..WHICH,OH,BTW,IS 24/7 BANKING..SO CONVENIENT!!!!
SOUNDS LIKE FEDNOW,
SOUNDS LIKE THIS BANK WANTS FUNDS!!!! NOT BUYING IT! OH AND ALSO GET SET UP MOBILE PHONE ACCOUNT USING CODE…..HMMM……
Local banks here are offering 9 month CD’s for 4.25%. Not bad.
Not bad at all. Savers getting back in the game.
Whats the minimum deposit for the 9 months CD?
One local bank requiring 500.00 minimum deposit while another requires 1,000.00
Some scary stats and a chart
In addition to my last post, I want to point out that Larry Diamond worked with Marc Plattner in the National Endowment of Democracy, what I suppose is some kind of CIA front organization that incited the the Arab Springs movements all over N.Africa and Middle East. When they explained why none of their efforts worked they remarked that they had NGOs on the ground “helping these movements.” They sit in their ivy league towers and devise schemes to control the world:
https://www.youtube.com/watch?v=ntead_QMbGw
They sound like psychopaths. These same people want to convince us that they will not abuse their power with digital currency.
You might want to listen this to hear how people like Condelezza Rice, Larry Diamond and many others at Hoover Institute are pushing for CBDC in the US so we can continue to sanction countries and maintain our world reserve currency status.
They forgot to mention that the reason BRICS are building an alternative system is because of our bully policies:
https://www.youtube.com/watch?v=dMdxMjpPfvQ