Not that they require fascism, but they’re OK with it:
David Zaslav, the CEO of CNN’s parent company, at the Allen & Co. media conference in Sun Valley, Idaho, on Tuesday:
Asked about the upcoming Presidential election, Zaslav said it mattered less to him which party wins, so long as the next president was friendly to business.
“We just need an opportunity for deregulation, so companies can consolidate and do what we need to be even better.”
One of the few things Biden has been good on is anti-trust, so this means Trump.
In a similar vein:
The pull quote:
“France’s corporate bosses are racing to build contacts with Marine Le Pen’s far right after recoiling from the radical tax-and-spend agenda of the rival leftwing alliance in the country’s snap parliamentary elections”.
The left, and real left, not the so-called “Center Left” will always be opposed by corporations, just as most of them opposed FDR. They want to get bigger and richer, whether that’s good for the country or not. High marginal tax rates, vigorous anti-trust and high corporate tax rates with laws forbidding stock options and other nonsense produced America and Western Europe’s best economy in history—the post-war states from 45 on.
Of course, during that time period the CEO/Worker pay ratio tended towards 30/1 or so.
But, as we all know, workers made enough so that a single wage-earner could support a family, and as for GDP growth rates, well:
These charts are pretty clear. Consolidation and deregulation do not lead to higher GDP growth, and that’s leaving aside redistribution.
This is important because the argument for deregulation and allowing consolidation was that it would make growth better and that there would be a “trickle down” which would leave everyone better off even if inequality soared.
Well, we did get trickled on, I suppose