The national racial reckoning that began in 2020 promised to radically restructure American society from the bottom up. But five years on, it has mainly served to strengthen the ruling class and deliver the rich an opportunity to rehabilitate a profoundly unequal economic order precisely at a moment when the stability of the system and the public's trust in it are drastically deteriorating. Corporations have used antiracism to consolidate their political power and evade government regulation. Employers have surveilled and undermined workers through counterproductive diversity, equity, and inclusion trainings. Affluent professionals and Democratic politicians have exacerbated a stark class divide by pushing half-baked 'racial equity' policies that come at the expense of the majority of working people. And the right has reacted to these developments by stoking a toxic culture war against 'wokeness' that serves only as a distraction from the increasing economic hardship faced by