History and Mission of the 1792 Exchange
In 2021 a group of business leaders got together to form the 1792 Exchange, something I guarantee you have never heard of, yet. They have published a list of 1000 (and growing) companies in America, ranking them by how likely they are to deny individuals and small businesses who promote conservative and Christian agendas, from using their products and services. From their website:
“1792 Exchange is a 501(c)(3), non-profit organization whose mission is to develop policy and resources to protect and equip non-profits, small businesses, and philanthropy from “woke capitalism,” to educate Congress and stakeholder organizations about the dangers of ESG (environmental, social, and governance) policies, and to help steer public companies in the United States back to neutral on ideological issues so they can best serve their shareholders and customers with excellence and integrity.”
What Is “Woke Capitalism”
According to the 1792 Exchange, “’ Woke’ capitalism is a “soft totalitarianism” permeating the United States via corporations threatening First Amendment freedoms of employees, other corporations, non-profits, small business owners, and individuals. Over the past two decades, public corporations have become the secular Left’s weapon of choice in driving rapid cultural change. They convinced and/or forced many public corporations to abandon their legal purpose of returning shareholder value in order to embrace “stakeholders” as co-equals. Stakeholders can be redefined by activists to fit any situation. “Stakeholder capitalism” is another description of the same model whereby corporations advance ideological agendas through programs and investment schemes, often under the “ESG” umbrella.”
How Does the 1792 Exchange Database Work
If you go to their website, “Spotlight Report”, you will see the first page of an alphabetical list of company business cards. In the bottom left corner of each, there is either a green, yellow, or red set of bars indicating if the company is considered low risk, medium risk, or high risk of bias toward conservative values. The information can be sorted and filtered by name, industry, and risk level. Further, clicking a company name will bring up a report outlining the reasons for its assigned risk level, broken down by multiple categories (depending on the size of the company).
A Biblical Christian Response to the 1792 Exchange
As Christians, we need to be wise as serpents, and yet harmless as doves (Mat. 10:16). We learned some hard lessons in 2020-2022 on the control “free enterprise” has over the expression of free speech on platforms such as Facebook, Twitter, Instagram, TicTok, and the other outlets. In my view, the pendulum appears to be swinging back toward a more balanced center point. However, that movement comes, not from any moral reflection, but from the economic reality of lost revenue. Without continued exposure of bias and woke counterculture impacting the bottom line of companies like Disney, CNN, and countless others, there will be a continuation of moral decay hidden behind the curtain of censorship. Programs like the 1792 Exchange, which expose companies for their underlying theology, will allow us all to make informed decisions on who we wish to do business with, and who wishes to do business with us. It will consequently help blunt and perhaps redirect destructive agendas.
We, as Christians, are not citizens of this world, but citizens of Heaven (Phil. 3:20). However, God gave mankind dominion over the earth and consequently a responsibility not to ignore its deterioration by hiding under a rock, but to let our light be seen, and His moral truth shine (Mat. 5:14-16).
On Thursday, February 2nd, Glenn Beck interviewed the president of the 1792 Exchange. Shortly after that interview, their website experienced a Denial-of-Service attack, taking it down. Beck notified his followers by Tweet. This is the world we live in.
On February 27, Fox News did an article discussing the 1792 Exchange Spotlight Report stating that among the most high-risk business for canceling or disrupting conservative customers were from the banking sector. Fox stated that “Numerous large banks are using their financial might to effectively force business customers into adopting climate change policies, even when it will require that those customers dramatically change their business practices.” They identified banking, transportation, retail, and food companies making up a group of “51 businesses at war with conservatives.