Days after a relatively subdued performance at the second GOP presidential debate, entrepreneur Vivek Ramaswamy pitched to California Republicans about the dangers of cronyistic “woke capital” from leftist corporations at their autumn convention on Sept. 30.
“I'll take you back to the 2008 financial crisis,” the 2024 presidential candidate said.
Mr. Ramaswamy described how the pre-woke “old left” responded to bank bailouts that President George W. Bush signed into law: “Occupy Wall Street showed up to say ... we want to redistribute money from those wealthy corporate fat cats and give it to poor people to help poor people.”
But since then, he argued that the rise of wokeness and identity politics has blunted that frontal assault on the system.
“Occupy Wall Street is a pretty tough pill to swallow, but the new woke stuff is actually pretty easy. [Add] some diversity and inclusion, put some token minorities on your boards, muse about the disparate impact of climate change after you fly in a private jet to Davos,” Mr. Ramaswamy said.
He also described the relationship between the woke new left and corporate America as “mutual prostitution.”
Mr. Ramaswamy’s comments followed Florida Gov. Ron DeSantis, Sen. Tim Scott (R-S.C.), and former President Donald Trump’s addresses at the California GOP convention on Sept. 29.
His speech comes days after the second Republican primary debate at the Reagan Library in Simi Valley, about 75 miles northwest of the Anaheim hotel, where members of California’s declining Republican Party have feted a few prominent speakers while holding smaller meetings and hashing out their platform.
In recent weeks, the businessman’s early rise on a consciously Trump-like “America First 2.0” platform has met with headwinds, with critics such as Yale University’s Jeffrey Sonnenfeld questioning his history in the private sector. On stage at the Reagan Library, rivals focused on his former pharmaceutical business Roivant’s operations in China.
The entrepreneur responded by stressing that he “got the hell out of there” and has become a fierce critic of the Chinese Communist Party.
Ms. Haley didn’t come up in Mr. Ramaswamy’s Anaheim speech.
Unlike Mr. DeSantis, who spoke at length about his issues with California, Mr. Ramaswamy said little about the Golden State and its influence on American life, although he did criticize the entrenched power of Silicon Valley. He pointed out that “breaking up big tech” used to be a left-wing rather than a right-wing issue.
“[The tech companies] said: ‘OK, wait, we can do a deal here. We will use our monopoly power to censor ’hate speech‘ and ’misinformation’ as you define it, but we will not do it for free. We expect the new left to look the other way when it comes to leaving our monopoly power intact,'” he said.
In a subsequent press conference, Mr. Ramaswamy weighed in on the latest development in the government shutdown drama—a bill passed in the House to keep the federal apparatus funded but only for the next month and a half.
“This whole debate is a farce. It’s a deflection. Even if the government were going to shut down, we know what happens every time. They get the back pay. It comes back bigger every time. We need to stop the artificial debate about fake government shutdowns and start having a real debate about how to achieve a true shutdown of the administrative state,” he told reporters.
Before the recent spate of threatened or actual federal employee furloughs, there were numerous shutdowns throughout the 1980s and 1990s.
Mr. Ramaswamy sounded a little like Mr. DeSantis, who faced a similar question after a speech in Long Beach about the leadership of House Majority Leader Kevin McCarthy (R-Calif.).
A staffer with the convention didn’t provide an immediate estimate of the turnout for Mr. Ramaswamy. President Trump’s speech on Sept. 29 sold 1,500 tickets, according to that staffer.
