Why Economists Sound Just Like Woke Activists – Opinion
Here’s what no one admits: economists are clinging to outdated theories the way woke activists cling to ideology. Both groups protect fragile worldviews by demanding everyone else play along, no matter how far from reality it gets.
When the facts change, they don’t. They shift the language, change the models, and accuse the sceptics of ignorance. It’s not about truth. It’s about preserving authority.
Table of contents
Economists’ Outdated Theories as Ideology, Not Science
We’re told economics is neutral, objective, rational. In reality, it’s a belief system — one that props up political power.
- Quantitative Easing (QE): Sold as a rescue tool. In practice, it enriched asset owners while wages stagnated.
- Inflation Targeting: Obsessed with 2% like it’s divine law, crushing jobs and wages to protect the theory.
- Deficit Panic: Decades of “tighten your belt” sermons — only to see countries run deficits without collapse.
Every time the predictions fail, economists don’t admit error. They rebrand, much like activists rename the cause (equity, inclusion, safety).
The Academic Priesthood
Sound familiar? It should. This is the same playbook woke academia runs:
- Redefine words until debate is impossible.
- Protect the theory at all costs, no matter the evidence.
- Silence dissent by declaring it “irresponsible” or “immoral.”
Economists label their critics “populists” or “illiterate.” Activists call theirs “bigots” or “phobic.” Different vocabularies, same mechanism of control.
Why They Resist Reality
Because the theories are more than tools — they’re identity.
- If QE was a wealth transfer, then central banks aren’t neutral referees — they’re political actors.
- If deficit hysteria was wrong, then generations of economists destroyed livelihoods for nothing.
- If 2% inflation isn’t magic, then the entire edifice of monetary orthodoxy collapses.
For tenured economists, admitting this isn’t an update. It’s an existential crisis. The woke professor and the Ivy League economist are cut from the same cloth: guardians of an ideology that crumbles under scrutiny.
The Woke Economy
This is why ESG and “progressive capitalism” thrive: they borrow the same aura of expertise. Jargon replaces clarity. Reports replace results. Ordinary people get the rules; elites get the rewards.
Economists provide the charts. Activists provide the slogans. Politicians and corporations cash in on both.
The Other Useless Ideology
Economics pretends to be science. In truth, it’s another ideology, protected by elites, shielded by jargon, resistant to reality.
Sound familiar? It should. Economics is the other useless ideology — the twin of woke politics, just dressed in equations instead of slogans.
FAQ
Why compare economists to woke activists?
Because both protect fragile theories with jargon, redefine failure as success, and punish dissent.
Is economics science?
Not in practice. It’s a belief system that justifies political choices under the guise of neutrality.
What’s wrong with QE, inflation targeting, and deficit panic?
They didn’t work as promised — but the theories were never abandoned.
Why won’t economists change?
Because their identity, careers, and credibility are tied to keeping the models alive.
How does this connect to woke politics?
Both show how elite classes use language and theory to impose control while ignoring reality.
