The Securities and Exchange Commission (SEC) and the NASDAQ stock exchange are the latest American institutions to go woke. On August 6, 2021, the SEC, which regulates American stock exchanges, approved the plan submitted by NASDAQ to require companies listed on that exchange to choose their board members using racial, sexual, ethnic, and sexual identity quotas. Under the NASDAQ plan, companies on the exchange will be required to have \u201cat least one director who self identifies as a female\u201d and \u201cat least one director who self identifies as Black or African American, Hispanic or Latinx, Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander, two or more races or ethnicities, or LGBTQ+,\u201d or to explain why they have not met these quotas. (Ironically, NASDAQ may have undermined itself by using the term \u201cself identifies.\u201d If, as has already happened in America, a white person \u201cself identifies\u201d as Black, or a man \u201cself identifies\u201d as a woman, the quota rules will be circumvented. Details, details\u2026.)<\/p>\n\n\n\n
Once again identity politics has trumped merit. Rather than requiring companies to choose directors based on competence and character\u2014the most important qualities of a good director\u2014companies on the NASDAQ exchange are now being pressured to lower their standards in order to hire board members based on sex, race, ethnicity, and sexual identity. Indeed, according to the world of wokeism, if a person supports policies that are color-blind, sex-blind, etc.\u2014that is, you support choosing people for jobs, contracts, or university admissions based on merit\u2014this only proves that you are in fact racist, sexist, etc.<\/em> According to the woke mobs, to be anti-racist or anti-sexist, you have to support policies that openly discriminate<\/em> based on race, sex, ethnicity, etc. The best thing about being a radical leftist is that you get to ignore reason and logic in your arguments. And to think that the Left accuses the Right of being against reason and science.<\/p>\n\n\n\n Significantly, this action by the SEC and NASDAQ is a clear violation of the Civil Rights Act of 1964, as amended. According to this landmark legislation: \u201cIt shall be an unlawful employment practice for an employer\u2026to fail or refuse to hire or to discharge any individual, or otherwise discriminate against any individual with respect to his compensation, terms, conditions, or privileges of employment, because of such individual\u2019s race, color, sex, or national origin\u2026.\u201d If ever there were a case that violated this law, this one is it. Indeed, the SEC and NASDAQ are openly pressuring companies to hire people specifically based<\/em> on these prohibited characteristics.<\/p>\n\n\n\n Once again, more American institutions have jumped on the woke bandwagon. Rather than letting businesses\u2013who know their customers and markets best and have a strong profit incentive to hire the best people\u2013choose their own directors, the SEC and NASDAQ have decided they know best about whom a company should hire. To the SEC and NASDAQ, competence and character are not as important as a person\u2019s identity. It is time for American businesses\u2014in fact, all Americans<\/em>\u2014to stand up against this blatant discrimination. It is anathema to our belief in equal opportunities\u2014not equal outcomes\u2014for all.<\/p>\n","protected":false},"excerpt":{"rendered":" In clear violation of the 1964 Civil Rights Act, Wall St. has aligned itself with identity politics. It is an infringement on the rights of businesses to operate as they see fit. Which is to say, it is wholly un-American. <\/p>\n","protected":false},"author":651,"featured_media":90143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"In clear violation of the 1964 Civil Rights Act, Wall St. has aligned itself with identity politics. It is an infringement on the rights of businesses to operate as they see fit. Which is to say, it is wholly un-American. ","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override":[{"single_blog_custom":"","sidebar":"","second_sidebar":"","share_position":"","share_float_style":"","post_date_format":"","post_date_format_custom":"","post_reading_time_wpm":"","zoom_button_out_step":"1","zoom_button_in_step":"1","number_popup_post":"1"}],"image_override":[{"single_post_thumbnail_size":"","single_post_gallery_size":""}],"trending_post_position":"","trending_post_label":"","sponsored_post_label":"","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[511],"tags":[11880,5551,9039,1450,11878,11877,12036],"class_list":["post-88410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","tag-civil-rights-act-of-1964","tag-discrimination-3","tag-identity-politics","tag-lgbt-5","tag-nasdaq","tag-sec","tag-wokeism"],"yoast_head":"\n