Senate Minority Leader Mitch McConnell had a warning for American business: âOur private sector must stop taking cues from the Outrage-Industrial Complex.â The sectorâs complaints centered around Republicansâ going state to state to undermine free and fair elections.
And so, are companies outraged? Damn straight they are. They have good reason, and itâs not because their chief executives are âwokeâ or the left pressured them. Itâs because a healthy democracy is in their corporate interests.
The Trump-led push to overturn the 2020 election results, Rebecca Henderson writes in Harvard Business Review, âis a threat not only to democracy, but to the long-term health of the economy and to the strength of American business.â Similar attacks wrecked democracies in Europe in the 1930s, and South America in the 1960s and â70s, with dire economic repercussions.
Senate Minority Leader Mitch McConnell had a warning for American business: Our private sector must stop taking cues from the Outrage-Industrial Complex. The sector s complaints centered around Republicans going state to state to undermine free and fair elections.
And so, are companies outraged? Damn straight they are. They have good reason, and it s not because their chief executives are woke or the left pressured them. It s because a healthy democracy is in their corporate interests.
The Trump-led push to overturn the 2020 election results, Rebecca Henderson writes in Harvard Business Review, is a threat not only to democracy, but to the long-term health of the economy and to the strength of American business. Similar attacks wrecked democracies in Europe in the 1930s, and South America in the 1960s and 70s, with dire economic repercussions.
Froma Harrop: It’s in companies’ interest to save the democracy
By Froma Harrop 7 hours ago
Froma Harrop
Senate Minority Leader Mitch McConnell had a warning for American business: “Our private sector must stop taking cues from the Outrage-Industrial Complex.” The sector’s complaints centered around Republicans’ going state to state to undermine free and fair elections.
And so, are companies outraged? Damn straight they are. They have good reason, and it’s not because their chief executives are “woke” or the left pressured them. It’s because a healthy democracy is in their corporate interests.
The Trump-led push to overturn the 2020 election results, Rebecca Henderson writes in Harvard Business Review, “is a threat not only to democracy, but to the long-term health of the economy and to the strength of American business.” Similar attacks wrecked democracies in Europe in the 1930s, and South America in the 1960s and ‘70s, with dire economic repercus
April 19, 2021
Since
Citizens United, the 2010 Supreme Court decision that prohibited restrictions on election advertising by corporations and nonprofits, the relationship between Republican lawmakers (who tend to favor deregulation and corporate tax cuts) and the corporate sector has flourished. In 2015–16, political groups associated with corporations contributed twice as much to Republicans as they did to Democrats at the federal level.
This may be why many Republicans were caught off guard when some corporate leaders denounced Georgia’s new voting law as unfair to Black voters. Also surprising was that the largest of the dissenting corporations Coca-Cola and Delta Air Lines had previously supported the law and given funds to the legislators who designed it. “Why are we still listening to these woke corporate hypocrites?” Marco Rubio rage-tweeted, while Mitch McConnell excoriated the private sector for “taking cues from the Outrage-Industrial Complex.”
April 14, 2021, 5:00 a.m. ET
Credit.Sasha Maslov for The New York Times
“Woke capitalism” has been a steadily growing phenomenon over the past decade. The muscle of the movement was evident as early as 2015 in Indiana and 2016 in North Carolina, when corporate opposition forced Republicans to back off anti-gay and anti-transgender legislation.
Much to the dismay of the right a recent Fox News headline read “Corporations fear woke left minority more than silent majority” the movement has been gaining momentum, obscuring classic partisan allegiances in corporate America.
This drive has a fast-growing list of backers from the ranks of the Fortune 500, prepared to challenge Republican legislators across the nation.