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Aug 24 2020

Discover Stands Out for Its Pernicious Moonbattery

Corporate America is so ubiquitously supportive of radical left politics now that it is hard to find individual corporations worthy of boycotting in favor of their competitors. George Right makes the case for singling out Discover, which has announced a program through which it will pay restaurant owners $25,000 for being black:

I’m all for supporting small businesses in these troubled times — if it’s based on their performance and not on the race, sex, sexual orientation, or any other irrelevant characteristic of the owners.

Discover’s pledge to spend its depositors’ money (all the bank’s money belongs to the depositors) on a program to “fight systemic racism” by supporting exclusively black-owned businesses is, on its face, blatantly racist and shameless discrimination.

Systemic racism against blacks is a lie. No reasonable person could deny that it is an advantage to be black in this country and has been for decades. It is political posturing to deny this after generations of Affirmative Action and other preferential treatment.

Awarding privileges to just one race, no matter which one, is by implication an admission that people of other races are somehow less worthy and undeserving of the bank’s attention. This violates the basic principles of our Constitution and our society, the principles of equal rights and fair competition.

Liberals got people on board by promoting equality. Then they turned the ship around and headed toward something inconsistent with American principles. They call it “equity.”

Discover is an institution serving the general public and, as such, is bound to treat all customers equally, regardless of their race. What’s next? Blacks-only accounts with higher APY? Black-only loans at lower rates?

Speaking of which, Discover’s formerly great APY, which once convinced me to put my money into the bank, has now decreased to a mere one third of what it was a few months ago, and it started to drop long before the pandemic. Now I understand where that money has been going.

Apart from the obvious unfairness, does anyone really think favoritism based on race will improve race relations? Will the racial resentment that is constantly stoked in the name of wokeness make blacks better off in the long run?

On a tip from Mr. Freemarket.

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