Killed off by racist snowflakes of the Islamo-Leftist party.
h/t Drew W
Daniel Greenfield Coke is going woke because its future is broke. That’s true of most of the big woke brands. And the closer Coke gets to the cliff, the more hysterical its performative wokeness will become.
Coca-Cola’s global sales fell 28% in the second quarter of 2020 from $10 billion to $7.15 billion. The corporate giant blamed the pandemic which had shuttered movie theaters and bars, and began cutting its small brands while concentrating on its big signature brands.
But Coke was struggling even long before the pandemic.
Despite all the international marketing, North America is still the biggest soda market. And the average American is down to drinking 40 gallons of soda from 50 gallons two decades ago. The shift was driven by the same demographic that tends to go woke, young white urban lefties, who became more likely to drink bottled water. Coke chased them by going into bottled water and vitamin drinks, but also by shifting away from a family brand once associated with Santa.
Santa and the polar bears reflected a Coke that was marketed to children. But fewer parents are comfortable with their children living off soda. That’s why one survey found that the number of children drinking over 3 cans of soda a day fell from 10% to 3.3%. The drop in soda consumption, once again, was heaviest among younger and wealthier urban white lefties.
The economic consequences of young white wealthy lefties dropping soda wasn’t just a sales issue. Wokes are a politically narcissistic demographic that legislates its tastes into law, pursuing the legalization of drugs, and bans on soda. Both drug legalization and soda bans were, as usual, done in the name of oppressed minorities, but had little impact on them.
Legal drugs are too expensive for minorities and the infamous soda taxes don’t work. But the soda industry remembers what happened to tobacco and other lifestyle habits that fell afoul of the cultural values of the new woke ruling class. That’s another reason why it went ‘woke’.
Banning soda from schools and taxing it in stores precedes the class action lawsuits and national legislative activities that would effectively eliminate sodas from the marketplace.
Coke isn’t just virtue signaling to prop up sales in a declining market: it’s also afraid.
And it should be. Bloomberg isn’t just fighting coal and guns, he’s also spending a fortune pushing his soda ban in cities and states around the country. The soda industry has ramped up spending to defend itself against everything from soda taxes to its links to slave labor. But it understands that the real threat is cultural as the new woke ruling class destroys the habits of the old America that it associates with conservative, working class, and flyover country.
That’s why cigarettes are a deadly menace, but pot is a civil rights crusade. The health issues are a pretext for a cultural revolution. And Coke went woke to convince the wealthy young urban lefties to incorporate its signature products into their lives by joining the cultural revolution.
Coke, like the average big woke brand, has a majority share of a declining market. It has limited growth potential within that market. Coca Cola’s fortunes are closely tied to movie theaters, which were in a catastrophic state of decline even before the pandemic, and to McDonald’s.
The Coca Cola Company meanwhile has a British CEO who pledged allegiance at Davos to a “new social contract” and an “economy that works for everyone”. He took over from the company’s previous Turkish CEO, and the Turkish CEO’s South African predecessor. The head of Coca Cola in North America is a Honduran who came out of its Latin American division.
The other thing about these iconic American brands is that they don’t have American leaders.
Coke won’t shut up about social justice and the evils of whiteness because that’s a better conversation than its failed portfolio of new brands, dumping its bottling operations, and its desperate efforts to refocus by launching a thousand different varieties of Coke aimed at the one lefty demographic that holds its future in the palms of its soft white manicured hands.
Coca Cola and the woke corporate giants share the same decadent sense of decline and their urban elites are selling out their rural base to appeal to the young radical generation to which their children and their social circle belong.