{"id":9293,"date":"2023-03-15T10:37:33","date_gmt":"2023-03-15T09:37:33","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/03\/15\/be-serious-conservatives-wokeness-didnt-cause-silicon-valley-banks-demise-tayo-bero\/"},"modified":"2023-03-15T10:37:33","modified_gmt":"2023-03-15T09:37:33","slug":"be-serious-conservatives-wokeness-didnt-cause-silicon-valley-banks-demise-tayo-bero","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/03\/15\/be-serious-conservatives-wokeness-didnt-cause-silicon-valley-banks-demise-tayo-bero\/","title":{"rendered":"Be serious, conservatives. \u2018Wokeness\u2019 didn\u2019t cause Silicon Valley Bank\u2019s demise | Tayo Bero"},"content":{"rendered":"<p>The right is claiming that political correctness \u2013 not capitalism \u2013 caused this financial catastrophe. Really?<\/p>\n<p>You\u2019d think that witnessing the second-biggest bank failure in US history would be a sobering moment. Since Silicon Valley Bank collapsed on Friday amid a bank run, however, Republicans have instead been twisting themselves into inelegant pretzels to blame \u201cwokeness\u201d for the financial disaster.<\/p>\n<p>For context, SVB \u2013 which before it collapsed was the 16th largest bank in the US and worth more than $200bn in assets \u2013 proudly <a href=\"https:\/\/www.msnbc.com\/opinion\/msnbc-opinion\/silicon-valley-bank-bailout-woke-republicans-trump-rcna74745\">reported<\/a> that aside from 45% of its board being women, it also had \u201c1 Black\u201d, \u201c1 LGBTQ+\u201d and \u201c2 Veterans\u201d. According to Republicans, the bank\u2019s focus on \u201cwoke\u201d ideals is what led to its ultimate demise.<\/p>\n<p>Tayo Bero is a Guardian US contributing writer<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2023\/mar\/15\/silicon-valley-bank-failure-conservatives-blame-wokeness\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/30f421f48b8bfac9b447f34e774972388d8783ed\/0_13_2027_1216\/master\/2027.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=d6a6e637bc2d3933317ec2a8ddbf2f3b\" title=\"Be serious, conservatives. \u2018Wokeness\u2019 didn\u2019t cause Silicon Valley Bank\u2019s demise | Tayo Bero\" \/>The right is claiming that political correctness \u2013 not capitalism \u2013 caused this financial catastrophe. Really?<br \/>\nYou\u2019d think that witnessing the second-biggest bank failure in US history would be a sobering moment. Since Silicon Valley Bank collapsed on Friday amid a bank run, however, Republicans have instead been twisting themselves into inelegant pretzels to blame \u201cwokeness\u201d for the financial disaster.<br \/>\nFor context, SVB \u2013 which before it collapsed was the 16th largest bank in the US and worth more than $200bn in assets \u2013 proudly reported that aside from 45% of its board being women, it also had \u201c1 Black\u201d, \u201c1 LGBTQ+\u201d and \u201c2 Veterans\u201d. According to Republicans, the bank\u2019s focus on \u201cwoke\u201d ideals is what led to its ultimate demise.<br \/>\nTayo Bero is a Guardian US contributing writer Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The right is claiming that political correctness \u2013 not capitalism \u2013 caused this financial catastrophe. Really? You\u2019d think that witnessing the second-biggest bank failure in US history would be a sobering moment. Since Silicon Valley Bank collapsed on Friday amid a bank run, however, Republicans have instead been twisting themselves into inelegant pretzels to blame &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/03\/15\/be-serious-conservatives-wokeness-didnt-cause-silicon-valley-banks-demise-tayo-bero\/\"> <span class=\"screen-reader-text\">Be serious, conservatives. \u2018Wokeness\u2019 didn\u2019t cause Silicon Valley Bank\u2019s demise | Tayo Bero<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":9294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9293"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=9293"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/9294"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=9293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=9293"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=9293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}