Powell urged businesses to mobilize for political combat.īusiness must learn the lesson. In reality, these groups were doing nothing more than enforcing the implicit social contract that had emerged at the end of World War II - ensuring that corporations were responsive to all their stakeholders, not just their shareholders but also their workers, their consumers, and the environment on which everyone depends.īut Powell and the Chamber saw it differently. Richard Nixon was still president, but the Chamber (along with some prominent Republicans like Powell) worried about the Left’s effects on “free enterprise.” Powell’s memo - distributed widely to Chamber members - argued that the American economic system was “under broad attack” from consumer, labor, and environmental groups. Chamber of Commerce asked Lewis Powell, then an attorney in Richmond, Virginia (and future Supreme Court justice) to report on the political activities of the Left. We almost take for granted big corporate money in American politics. She just reciprocated by preserving private-equity’s tax loophole in the Inflation Reduction Act. Senator Krysten Sinema is among Congress’s largest recipients of money from the private-equity industry. He just reciprocated by gaining Senate support for the Mountain Valley pipeline in West Virginia and expedited approval for pipelines nationwide. Senator Joe Manchin has been Congress’s largest recipient of money from natural gas pipeline companies.
0 kommentar(er)
