Jewish World Review July 23, 2014 / 25 Tammuz, 5774
Will big business become the left's faithful lapdog?
By Jonah Goldberg
http://www.JewishWorldReview.com | It was a really nice try.
Heritage Action (the activist arm of the conservative
The Ex-Im gives U.S. taxpayer-backed loan guarantees to the foreign customers of giant U.S. corporations that don't need the help. It socializes the risk while privatizing the profits. Basically, it's free money for big businesses like GE, Caterpillar and particularly
Ex-Im is up for reauthorization in September. Not surprisingly, both the people who get free money and the people who enjoy giving out money that doesn't belong to them would like to continue doing so.
Since Warren is the dashboard saint of left-wing populism these days, denouncing big business and
"We, like you, are frustrated with a political economy that benefits well-connected elites at the expense of all Americans,"
Warren didn't take the bait. Her spokeswoman told
Warren's decision to turn down the invitation sparked numerous charges of hypocrisy from Ex-Im opponents. As one writer for
I'm not so sure there's a contradiction here. Rather, I think we're seeing why there will never really be a bipartisan left-right alliance against crony capitalism and corporate welfare.
The right's "libertarian populism" wants to separate big business and big government. That means no more "too big to fail" and no more of government picking winners and losers.
The left's anti-big-business populism is very different. It doesn't want to cut the government's incestuous relationship with big business; it simply wants to bring business to heel. Big business should do what
"Warren doesn't have a problem with big banks or corporations," The Federalist's
This has always been the central idea behind progressive economics. Bureaucrats and other planners need -- or at least want -- ever more power to decide how economic resources are arranged and allocated. That doesn't mean they're socialists, it just means that corporations need to follow their lead. Indeed, good "corporate citizenship" means acquiescing to the priorities of progressive state planners and whatever their latest idea of "public-private partnerships" might be. The one constant in such partnerships is that business is always the junior partner.
This was the vision behind
What's amazing is that people are still capable of shock when it turns out that a policy of treating businesses like dependent lapdogs yields businesses that try to have the government's lap all to themselves.
Warren is famous for believing that businesses didn't build their own success (echoing -- or inspiring -- Obama's notorious "You didn't build that" remark). According to her, businesses depend on government the way a lapdog depends on its master. Asking her to oppose the
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