#WokeCapitalism? A “parallel economy” I ❤️ this! Now, everyone can choose #conservative or #liberal brands. OR NEITHER!! https://t.co/uhtltnPtdZ @SXMMarketing @Wharton @WhartonBizDaily
— Dr. Americus Reed II (@amreed2) September 26, 2023
Corporations are no longer bystanders—they are active participants in today’s political landscape. I had the privilege of discussing this phenomenon in a recent TIME article written by Eric Cortellessa, titled “Conservatives Aren’t Just Boycotting Bud Light. They’re Trying to Build a Parallel Economy.” Corporations are venturing into uncharted territory, embracing politics not just as a topic of casual conversation but as a core part of their brand identity.
“The theory is that this is supposed to create a deeper way to connect with a potential consumer, this is a risky strategy, but it has a very high upside.”
Taking a political stance provides corporations with an avenue for deeper connections with their consumer base. On the flip side, the risk is palpable: alienation, boycotts, or even public disavowal. Yet the upside—a more loyal and engaged audience—can far outweigh the downsides if executed thoughtfully.
As we navigate this evolving landscape, the question remains: Will more corporations take the gamble? Are we at a turning point where companies will increasingly use their platforms for political expression?
I encourage you to read the full @TIME article to explore these questions and more.
#WokeCapitalism? A “parallel economy” I ❤️ this! Now, everyone can choose #conservative or #liberal brands. OR NEITHER!! https://t.co/uhtltnPtdZ @SXMMarketing @Wharton @WhartonBizDaily
— Dr. Americus Reed II (@amreed2) September 26, 2023