Companies like to sell things, and highly educated liberal voters have disposable income to buy them. Firms wanting to profit by selling products to well-off liberals is not the same thing as sharing liberal policy priorities; this is why “woke capital” is a myth, a shallow analysis that mistakes advertising and brand management for ideology. When it comes to what corporations really want, the answer is the same as it’s always been: tax cuts for the wealthy, deregulation, and a labor market more favorable to employers than to workers.
…
When workers have more leverage, they can negotiate a bigger share of the economic pie—a state of affairs that Big Business typically wants to avoid. Private sector union membership remains at a historic low, but it has recently begun to increase. That trend is more likely to continue under a Biden administration than a Trump administration, and would mean not only better wages and benefits for workers but more political power for unions. And that’s one big reason why Wall Street is warm to the idea of a second Trump term.
You must log in or register to comment.
Conservatives and capitalists hate it when you point out that German capitalists and industrialists were amongst the most enthusiastic supporters of the Nazi regime for quite a long time. They also hate it when you point out that the intent of the business plot was to install an authoritarian (and likely also fascist) government in the United States.
Interesting. Looking at the Business Plot, it looks like Smedley Butler may just be a new hero of mine. Thank God they chose someone who wouldn’t go along with their crap.
Yeah - Butler is truly an unsung hero. If he’d been power hungry, we’d likely already be living in a dictatorship, and we might have even entered WW2 on the side of the Nazis.
https://www.ratical.org/ratville/CAH/warisaracket.html This is a must read for anyone interested in Smedley Butler - some harsh truths in there that largely haven’t changed.
Because Wall Street is famously short sighted.
Analyst: we can make a lot of money now, but-
VC/PE Partner: sounds good. Let’s go with that. leaves room
Analyst: …but we’ll likely end up causing a coup, which aside from other things, will almost certainly destroy the firm in the long term.
VC/PE Partner: already on helicopter to meet other partners to play 18 holes at lunch
Because they’re so rich if things go well they get richer, if things go badly they buy up more people and things.
TL;DR they really don;t care, do u?
No they care…
you already said it though, “if things go badly they buy up more people and things.” => you buy low and sell high, thus if things aren’t low enough for your tastes, you “create opportunities to grow”!
They care like a player in a game of chess cares about the next move. :-(
BUT, he also created massive instability the last time. I would have hoped that would tip the scales even in the minds of someone doing an analysis based purely on “how does it help ME (billionaire)?” Maybe they think they are better prepared this time?
They like instability. A steadily increasing market may yield reasonable results, but a chaotic market creates lots of buying opportunities on the cheap.
What’s good for business is good for the country…… right? 🙄
deleted by creator
