It is not about race or gender, as much as grievance and anger.
The world is changing, and unfortunately, a large portion of the population is fed nonsense by demagogues about some nostalgia fueled fantasy of the way things used to be that those demagogues can bring back. Much of the change in society and the economy is scary, but the reality is that the 20th century was very good for most of America, and the second half was pretty good for all of the industrialized world. Some changes took longer than other, but the rapid change and innovation created opportunity for most and significantly raised the standard of living for just about all. There is a lot of room for improvement, but overall there has been a rising tide in the industrialized world, and even in many of the developing world countries. The future is pretty bright for countries like Mexico and Indonesia, which is part of the reason that immigration from Mexico had turned net negative years ago, the Trumpian screeching about immigration notwithstanding.
The things that made the U.S. the most prosperous country in human history such as Rule of Law, democracy and strong capital markets, are under attack by Trumpism, and I suspect that most CEO's and investors recognize this and are terrified of Trump. That does not justify their cowardice, but it does explain it.
Most of the large and industrialized countries in the world have faced an existential threat to their freedom and standard of living similar to what we are facing now. We must win, and that means getting allies and building coalitions.