August 13, 2016
Hold On a Minute…

…corporations are people, too. From Naked Capitalism:

Their paper closes by examining the notion that right wing politics in America has been driven by donations piling up from eccentric entrepreneurs like investor and conservative mega-donor Foster Friess — the sort of people who are widely imagined to populate the Forbes 400 list of wealthiest Americans — rather than mainline big business corporations, such as those on the Fortune 500 list.

On the contrary, the researchers find that “a simple count of firms and investors on Forbes show that the largest American corporations support Tea Party Congressional candidates and organizations supporting the movement, such as Freedom Works, at much higher rates than Forbes 400 members. Even making due allowances for Dark Money, the difference is substantial.”

Evidently American big business firms are not centrist, as many pundits would have it. As Ferguson and his colleagues put it:

Stories that the steady rightward drift of the American political universe is somehow the work of exceptionally ideological individual entrepreneurs are huge over-simplifications. If the center is not holding in American society — and it rather plainly is not — America’s largest companies are as implicated as anyone else; indeed, perhaps more so.


acorporate-personhood.jpg

Webding3.jpg

Posted by Jerome Doolittle at August 13, 2016 04:01 PM
Email this entry to:


Your email address:


Message (optional):


Comments
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?