Beyond Woke Capitalism
Fast Company|October - November 2020
What it’ll take to get companies to the promised land of an equitable relationship with both workers and society
By Kristin Toussaint
Beyond Woke Capitalism

A day after the August NBA strike in response to yet another police shooting—this time, Jacob Blake, in Kenosha, Wisconsin— Uber’s head of diversity and inclusion, Bo Young Lee, tweeted out the company’s new billboard campaign. “If you tolerate racism, delete Uber,” the sign read. Lee added, “Now is the time for all people and organizations to stand up for what is right.”

Corporate America had already been examining its complicity in furthering systemic racism and inequality in the wake of a summer rife with police killings of Black people. Uber, for its part, was one of many companies standing up for what’s right—so long as it didn’t have to change too radically. Several weeks earlier, Uber had committed to anti-racism education for riders and drivers, established that it had no tolerance for discrimination, and pledged $1 million toward criminal justice reform. Even so, the company had committed more than $30 million to overturn AB5, the California law that requires its contract drivers be treated as full-time employees. In other words, Uber was arguing against the single biggest thing it could do to foster equity: give its drivers, which some estimates have put at two-thirds non-white, the stability of healthcare and benefits. (When asked for comment, Uber pointed to previous statements on how it’s fighting AB5 because its workers want flexibility.)

Uber’s moves embody what’s known as “woke capitalism,” where businesses respond to societal issues such as systemic racism with representational gestures, from sobering statements to strategic donations. For some people, this is enough. Or so executives hope.

This story is from the October - November 2020 edition of Fast Company.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the October - November 2020 edition of Fast Company.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FAST COMPANYView All
Where the Clean Energy Jobs Are
Fast Company

Where the Clean Energy Jobs Are

A data-driven guide to the skills you need and the opportunities you'll find

time-read
5 mins  |
Winter 2024 - 2025
CAN WWE PIN THE WORLD?
Fast Company

CAN WWE PIN THE WORLD?

AS IT MAKES ITS $5 BILLION NETFLIX DEBUT AND PREPARES FOR A GLOBAL AUDIENCE, WWE IS STILL WRESTLING WITH THE TOXIC LEGACY OF ITS COMPLICATED FOUNDER.

time-read
10 mins  |
Winter 2024 - 2025
RADICAL VISION
Fast Company

RADICAL VISION

POLICE DEPARTMENTS ACROSS THE COUNTRY ARE EMBRACING AI-ENHANCED SURVEILLANCE IN THE NAME OF STOPPING CRIME. HERE'S HOW ONE SECURITY FIRM IS LEADING THE EFFORT AND PROFITING OFF OUR FEARS

time-read
10+ mins  |
Winter 2024 - 2025
Brands That Matter
Fast Company

Brands That Matter

Our annual look at standout brands encompasses 130 honorees in nine categories, including the inaugural CMOs of the Year. Here's how 12 of those brands and three top CMOs stake out the intersection of business and culture.

time-read
10+ mins  |
Winter 2024 - 2025
The Future According to Google
Fast Company

The Future According to Google

Google DeepMind, the tech giant's internal AI research lab, isn't just racing to beat OpenAI to market. Under Nobel laureate CEO Demis Hassabis, it's the \"engine room\" of the entire company.

time-read
10+ mins  |
Winter 2024 - 2025
EYE OF THE BEHOLDER
Fast Company

EYE OF THE BEHOLDER

SEPHORA HAS GROWN SO POWERFUL THAT IT CONTROLS WHICH BRANDS LIVE OR DIE IN THE $30 BILLION HIGH-END COSMETICS INDUSTRY. IN THIS BEAUTY CONTEST, SEPHORA ALWAYS WEARS THE CROWN.

time-read
10+ mins  |
Winter 2024 - 2025
CULTURE WARS
Fast Company

CULTURE WARS

Brands on the Run Why Harley-Davidson, Caterpillar, and other masculine\" brands are caving to anti-DEI crusader Robby Starbuck

time-read
6 mins  |
Winter 2024 - 2025
WORK LIFE
Fast Company

WORK LIFE

Law Roach, image architect and educator, answers our career questionnaire.

time-read
2 mins  |
Winter 2024 - 2025
The AI Gadget Debacle
Fast Company

The AI Gadget Debacle

Here's why you shouldn't expect any mind-blowing AI-powered gifts anytime soon.

time-read
6 mins  |
Winter 2024 - 2025
Why the future workplace will feel more like a hotel
Fast Company

Why the future workplace will feel more like a hotel

REVEALS WHY THIS IS IMPORTANT TO CORPORATE STRATEGY AND EMPLOYEE ENGAGEMENT

time-read
2 mins  |
Winter 2024 - 2025