Woke capitalism and its useful idiots

Jul 20, 2023 by

by Brendan O’Neill, spiked:

Yes, Coutts and other capitalist monoliths really are punishing people for being ‘unwoke’.

So there you have it. Nigel Farage really was given the boot from the prestigious private bank Coutts because of his political views. Because he is very pro-Brexit, is fond of Donald Trump and has been critical of Black Lives Matter. Because, in the words of an extraordinary internal dossier compiled by Coutts, his views ‘do not align’ with the bank’s values. For the past fortnight the chattering classes have been chortling over Farage’s claim that Coutts was persecuting him for his political beliefs. How dumb – worse, how complacent in the face of corporate tyranny – those people look now.

Last month, Farage went public about the closure of his Coutts account. I’ve been given the heave-ho for political reasons, he said. He also said that nine other banks have since rejected his custom. Now he has published a dossier that was distributed at a meeting of Coutts’ ‘reputational risk committee’ on 17 November 2022. It is a truly chilling read. It runs to 36 pages. There is a strong case for ‘exiting’ Farage from the bank, it says, because his publicly stated views are ‘at odds with our position as an inclusive organisation’. The Stasi once compiled dossiers on dissident activists and artists whose views ran counter to those of the GDR regime. Now Coutts seems to be doing similar on customers who dare to bristle against the regime of woke.

The dossier basically finds Farage guilty of wrongthink. It highlights his renegade views not only on Brexit and Trump but also on Net Zero and even on King Charles – he has had the audacity to criticise His Majesty. Like dissidents in East Germany, his friendships are held against him, too. His links with Trump and tennis champ Novak Djokovic make him suspect, apparently. The dossier quotes the Independent’s description of Farage’s visit to Djokovic’s trophy room in Belgrade, during which he criticised Australia’s expulsion of Djokovic for failing to get vaccinated against Covid, as ‘the spineless, chaotic behaviour of a chancer’.

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