Woke corporatism has started to implode

We would all be working from home, occasionally travelling into a shared workspace in our electric vehicles to collaborate on some ESG-approved product launches, while popping out at lunchtime to graze on some plant-based meat. There were many megatrends that were expected to dominate economic activity this decade. Each attracted vast sums of venture capital money and generated lots of excitement on the sharemarket, as capitalism was re-orientated towards a more caring, inclusive way of doing business. Venture capital excess was chronicled in the show “WeCrashed’, about the rise and fall of WeWork. Credit: AP Yet 2023 turned out to…