The Establishment Strikes Back

Their goal seems to be to make neoconservatism the right edge of our political Overton window. So our leaders can debate whether to bomb Iran or just sanction it and whether dentists should pay a top income tax rate of 35% or 40%, all while agreeing on the need for more immigration, and unilateral free trade. 

Investment Implications: Go Woke, Go Broke? 

"Go woke, go broke" is the theory that if corporations pursued left-leaning policies, they would ultimately hurt their businesses, and so they would be discouraged from doing so for too long. This isn't quite correct, as Mike Cernovich noted recently. 

Prospects For Government Action

On the plus side for Woke Capital, the apparent neutering of Senator Josh Hawley (whose canceled book was titled "The Tyranny Of Big Tech") means Silicon Valley likely won't have to worry about antitrust action in the near future. 

On the con side, this is likely their high watermark internationally, as foreign governments won't want to risk having done to them what Silicon Valley did to Trump. 

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