"I think Michaels has a point, really. And after all, Zizek has said as much, already, arguing that capitalism can readily tolerate multiculturalism. As did Naomi Klein, raging against identity politics in No Logo. Kenan Malik already said that diversity is an apologetic for class division."
Of course "diversity" and "multiculturalism" is good for capitalism: it introduces more choices; it grows the market. But it will never, never, never be anything more than symbolic.
When you confuse words with things, you miss this. Academics tend to confuse words with things.
Joanna