Why our institutions keep going woke and going broke - Glenn H. Reynolds

“Get woke, go broke” has been a catchphrase for several years. - Glenn H. Reynolds

"...Yet the people at the top of major corporations and government agencies keep, well, getting woke and going broke.
Which makes me wonder why.

• Harvard, roiled by antisemitism scandals in which woke politics kept administrators from protecting Jewish students, has lost enough in donations that it’s shutting down a library and looking to borrow money to meet expenses...
• Disney, marked by subsidiary Lucasfilm chief Kathleen Kennedy’s “Put a chick in it, and make her gay” — as “South Park” famously formulated — is losing money hand over fist, as one beloved franchise after another is turned into politicized dreck that alienates fans.
• Sports Illustrated, which had a surefire moneymaker in its venerable swimsuit issue, went out of its way to alienate its once-loyal audience by featuring trans, obese and old models on the cover and is laying off its entire staff.
• Planet Fitness has decided to embrace men who identify as women shaving in the women’s locker room, and its stock is plummeting. (It’s even terminated the memberships of women who complained.)...