> That misperception has lost hundreds of billions in shareholder value, adding up just Disney, Warner, and Netflix.
How so? Do any of those companies have competitors who didn't "go woke," and are now profiting off their missteps? Those companies may have lost a ton of value, but I don't think it's because of that cause.
> Democrat politicians seem to have similarly misperceived — and now are facing widespread public backlash to their policy.
But that may not matter. They're also cultivating a backlash against Republicans, hoping that will counter any backlash against them. IMHO, in our political moment, the major parties don't even try to make the middle happy; they try to make the middle mad at the other guys, so they can coddle their respective activist bases.
This is why "democracy all the things" is kind of a shitty system. Primaries push the adults out of the room and give extremists too much say, which then requires toxic behavior to salvage an overall victory.