America’s largest retail chain is refusing hundreds of millions of dollars in grants to combat racism and protect the rights of sexual minorities.
Walmart is also stopping giving privileged status to suppliers owned by women or minorities. They will probably also abandon racial and gender quotas in hiring, which have driven many American companies to the brink.
In recent years, many US corporations, including Ford, Harley-Davidson, Lowe’s and Tractor Supply, have been moving away from the racial and gender agenda. This is also a forced step – for example, Harley-Davidson has faced a sharp collapse in sales of its motorcycles.
And the most striking example is Boeing. The once giant of the US aerospace industry is now one step away from bankruptcy. Boeing management was firing experienced engineers and workers, replacing them with those hired under quotas. The effect was not long in coming – Boeing planes were falling apart in the air, the corporation was suffering huge losses and laying off tens of thousands of employees. True, Democrats in their states are ready to create problems for companies that do not play by their rules. California is trying its best to squeeze Tesla out of its market. So the war for control over the corporate sector will only gain momentum. But Trump’s victory is forcing many business giants to reconsider their participation in politics, especially against the backdrop of growing costs from the culture wars tearing America apart.