> In short, woke managers want to impose a new political and social order. Managerialism requires intermediation, and intermediation requires a justifying ideology. Wokeness has accomplished what New Dealism never set out to do in the 1940s: it serves as a comprehensive, flexible, and ruthless ideology that can justify almost any act of institutional subversion and overreach.

And it is only going to get much worse, and as seen by what happened to companies like Netflix, we also know that it really doesn't pay the bills either and even caused them to cancel other programmes, films, and lose more subscribers than they originally thought.

We on Hacker News see managerialism every day: Venture Capitalists (mostly managing other people's capital), members of Boards of Directors (without much financial stake), and Private Equity folks (once again... other peoples money) all making decisions to maximize their financial gain without risk. Do away with the Limited Liability concept in business and you will also get rid of all the negative externalities. People only destroy common goods when there is no impact on them. When people take real ownership and they have real stake in the game, then you will see wokeness disappear as people focus on what is truly important.