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Politics and Profits

From Thomas Donlan At Barron’s, Trump’s CEOs: In the Wrong Place at the Wrong Time (I like the title in the print edition better, There’s No Profit in Politics)

Business executives as a group rarely show the kind of sophistication that the nation needs in politics. They give money to candidates of both parties, and they expect lower taxes, fat contracts, and gratitude. They have as little understanding of citizenship as politicians do of economics. Their interest in politics is as limited as politicians’ interest in profits.

When business leaders leap into bed with politicians, they think they will gain influence and respect. Thus, they become members of the oldest profession, and they run the risk of catching a serious social disease.

HKO

As a mentor of mine said, “When business gets in bed with government, somebody gets screwed.”

 

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Category: Economics

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