Well, this is interesting (The Post):
Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations
The organization representing the nation’s most powerful chief executives is rewriting how it views the purpose of a corporation, updating its decades-old endorsement of the theory that shareholders’ interests should come above all else.
The new statement, released Monday by the Business Roundtable, suggests balancing the needs of a company’s various constituencies and comes at a time of widening income inequality, rising expectations from the public for corporate behavior and proposals from Democratic lawmakers that aim to revamp or even restructure American capitalism.
“Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity,” reads the statement from the organization, which is chaired by JPMorgan Chase CEO Jamie Dimon.
Staying ahead of the mobs and pitchforks is a good strategy! They’re hoping to convince us we don’t need something like the Accountable Capitalism Act — corporate titans have realized the current system leaves out some constituents (i.e., everyone but themselves and fellow rich people) and will henceforth play nice out of the goodness of their hearts. I don’t believe it for a second.
Meanwhile, Trump just waved a magic wand and solved wealth inequality:
“Our consumers are rich. I gave a tremendous tax cut, and they’re loaded up with money.”
Trump is conflating his golf buddies / Mar-a-Lago members with the average consumer.
— LiA (@LibsInAmerica) August 19, 2019
As of now, disbelieving the evidence of your own eyes and ears isn’t enough — you have to add fictional zeroes to your personal bank account totals too. No doubt there are people who are stupid and/or brainwashed enough to believe even this gigantic whopper, but I think we’re seeing a preview of the central flaw in the “Keep America Great” campaign argument.
In 2016, Trump could lie about what he was going to do. In 2020, he has to pretend that he did all this shit that he didn’t do. I’m no expert political analyst, and God knows I don’t want to underestimate the stupidity of tens of millions of our fellow citizens again. But that seems like a tougher sell to me.