Stephen Moore of Taki’s Magazine tells us how big business is siding with big government. He writes (abridged):
If big business wants to bolt and make peace with the party that hates enterprise, entrepreneurship and profit, that’s a sad commentary on the state of affairs in corporate America, not the GOP. President Calvin Coolidge once said that “90% of people who come to Washington want something they shouldn’t have.” Too often these days, our Fortune 500 companies want your and my money, and that’s something they shouldn’t have. […]
A recent Wall Street Journal lead story reported that “Republicans and big business broke up.” The amount of corporate donations to Republicans was cut sharply in the last election cycle to a lower amount than in nearly a decade. The U.S. Chamber of Commerce has backed many Democrats running for Congress in close and competitive races, which puts the GOP slim majority in jeopardy.
The writing is on the wall: Corporate America is increasingly aligning itself with liberal Democrats, not Republicans.
Some of this shift in corporate allegiances is due to some bad decisions by Republicans. The GOP has shortsightedly pursued a “break up Big Tech” campaign, and the party’s slide toward tariffs and away from free trade, one of the pillars of prosperity, is worrisome to any free marketeer. We should have free trade with countries, unless they are like China, threats to American security.
The real question is whether the GOP should want or even need support from the corporate boardrooms, which are increasingly going “woke.” Maybe it is time for a divorce.
Big business is increasingly siding with big government. Democrats are passing out Biden Bucks, and corporate America lusts for free federal money. Like field mice, they gobble up the morsels the Democrats spill out of their pockets.
Corporate welfare spending in Washington is at an all-time high, with hundreds of billions of taxpayer dollars pipelined into the coffers of the Climate Change Industrial Complex, semiconductor companies and other Beltway Bandit industries.
Read the full article here.