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King Trump and the Greedy Knights of the Business Roundtable

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Business Roundtable Nyheter

Inequality,National Debt,Republican Party

Robert Reich, is the Chancellor's Professor of Public Policy at the University of California, Berkeley, and a senior fellow at the Blum Center for Developing Economies. He served as secretary of labor in the Clinton administration, for which Time magazine named him one of the 10 most effective cabinet secretaries of the twentieth century.

The Business Roundtable is an association of more than 200 CEOs of America’s biggest corporations, their most powerful voice in Washington. Last Wednesday, its chair, Joshua Bolten, told reporters that his group planned to drop “eight figures” while “putting its full weight behind protecting and strengthening tax reform.

So why are these CEOs attracted to Trump, whose antics are likely to destabilize the economy?Is it mere ideology?Kathy Wylde, president and CEO of the Partnership for New York City relates that Republican billionaires have told her “the threat to capitalism from the Democrats is more concerning than the threat to democracy from Trump.”In my experience, CEOs of large corporations are more practical than ideological.

 

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