Woke Capitalism: Steve Forbes Rebukes American Express over Critical Race Theory Training

Steve Forbes criticized American Express (AmEx) for an internal “anti-racist” program that described capitalism as racist and deployed the common tropes of Critical Race Theory (CRT).

“These things have very real consequences,” Forbes told Fox News’ Maria Bartiromo. “I wonder if AmEx is going to bring in people to talk about the virtues of free markets and how it enables people, as Lincoln put it, to improve their lot in life.”

The Fox segment followed an opinion piece in the New York Post by Christopher Rufo on the AmEx training:

American Express, which made a $2.3 billion profit last quarter, invited the great-grandson of the Nation of Islam’s founder to tell its employees that capitalism is evil.

It was part of the credit card giant’s critical race theory training program, which asks workers to deconstruct their racial and sexual identities, then rank themselves on a hierarchy of “privilege.”

According to a trove of documents I’ve reviewed, AmEx executives created an internal “Anti-Racism Initiative” after George Floyd’s death last year, subjecting employees to a training program based on the core CRT tenets, including intersectionality, which reduces individuals to a tangle of racial, gender and sexual identities that determine whether he is an “oppressor” or “oppressed” in a given situation.

Bartiromo pointed out the irony that this message was adopted by a credit card company that made $2.3 billion in profit last quarter.