In the podcast with Robert Stark, I said that the realignment of the electorate wasn’t complete yet and that it might take another one or two election cycles to tip the internal balance of power within the GOP on the economic policy agenda. We might get there sooner though.
“More than 100 corporate executives and leaders gathered on a zoom call Saturday to discuss ways to combat controversial voting bills that would restrict voting access that are being considered across the country, per the Washington Post.
Why it matters: American corporations flexed their advocacy muscles earlier this month when more than 100 companies signaled their opposition to Georgia’s new voting law, inciting the wrath of GOP leaders, including former President Donald Trump and Senate Minority Leader Mitch McConnell. …
Saturday’s call between company executives “shows they are not intimidated by the flack. They are not going to be cowed,” Jeffrey Sonnenfeld, a Yale management professor and one of the call’s organizers, told the Post. …“
This is wonderful news.
True Populism has always been the enemy of the Money Power. We have always hated these arrogant, corrupt plutocratic elites who have rigged the economic system in their favor. Back in the 2016 election, one of the biggest things that Donald Trump had going for him was that he self-financed his campaign to be free of their influence. While Trump may have been playing games with his fans, the people who were attracted to him sincerely believed that wealthy elites have rigged the system.
“More than 100 chief executives and corporate leaders gathered online Saturday to discuss taking new action to combat the controversial state voting bills being considered across the country, including the one recently signed into law in Georgia.
Executives from major airlines, retailers and manufacturers — plus at least one NFL owner — talked about potential ways to show they opposed the controversial legislation, including by halting donations to politicians who support the bills and even delaying investments in states that pass the restrictive measures, according to four people who were on the call, including one of the organizers, Jeffrey Sonnenfeld, a Yale management professor.
While no final steps were agreed on, the meeting represents an aggressive dialing up of Corporate America’s advocacy against controversial voting measures nationwide, a sign that their opposition to the laws didn’t end with the fight against the measure passed last month in Georgia. …”
For years, I was furious with Donald Trump because he coddled these people. He took the mandate that we gave him and squandered it on giving them a big tax cut.
Note: We need another William Jennings Bryan or Huey Long.