Greg Sargent: Former American Express CEO Kenneth Chenault has been privately arguing to executives that stability and the rule of law matter. Notable: Chenault tells me some execs respond that they don't think 1/6 can happen again! Astonishing head-in-the-sand stuff. 3/ newrepublic.com/article/1831...

It's amazing that some corporate leaders are willing to support Trump for tax cuts and deregulation while shrugging about what Trump's threats to wreck democracy and the rule of law would do to the business climate. 1/ New piece from me: newrepublic.com/article/1831...

Trump’s Shameless, Corrupt Wooing of Plutocrats Is Suddenly Backfiringnewrepublic.com A media narrative has somehow taken hold that CEOs are stampeding toward Trump. The full story isn’t nearly so simple.

WH chief of staff Jeff Zients tells me he and other admin officials are making an expansive case to CEOs that a good business climate depends on stability and the rule of law. He talked to me about the case he made to the Business Roundtable recently. 2/ newrepublic.com/article/1831...

Former American Express CEO Kenneth Chenault has been privately arguing to executives that stability and the rule of law matter. Notable: Chenault tells me some execs respond that they don't think 1/6 can happen again! Astonishing head-in-the-sand stuff. 3/ newrepublic.com/article/1831...

In recent days, a few billionaires endorsed Trump. Then he shocked the Business Roundtable with his incoherence. Jeffrey Sonenfeld said CEOs see Trump's economic plans as potentially disastrous. It now looks like the idea of a big shift is overstated. 4/ newrepublic.com/article/1831...

To put this plainly, at least some corporate leaders seem to be supporting Trump precisely because he's offering them a corrupt oligarchy in which they get a juicy cut of the spoils. Still, the bigger story here is that there is no stampede to Trump. 5/5 newrepublic.com/article/1831...

Capitalism requires democracy but capitalists love them some fascism.

Capitalism benefits from democracy, but doesn't require it; capitalists only require a system that doesn't take too much of their money, so they're able to accumulate more of it, and preferably lets them use it to influence policy.

Ok but that’s not as pithy.

They will lose. It only benefits a few and those few are basically held at gunpoint. This is happening right now, they don’t have to go back in time to understand the implications. They can just look at Putin’s regime and the rich guys who stood too close to the edge of a balcony or drank tea. 🙄

Oh definitely. Greedy as they are, though, maybe not all are fully into the potentially messy outcomes involved with loot, pillage & burn

This experiment has already been tried in real time in post-Soviet Russia, and while a few have made out like bandits, it's not sustainable.

Yet again, education that lacks lessons in history, civics and basic business/social responsibility shines thru. A shocking example that all business execs should see/study: unsold Tesla's. Consumers (aka voters) are NOT stupid! youtu.be/ldruOGMSubs?...

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One of the big attractions the US has had (not as true today) is a stable system of government. We have changes AND the system is mostly stable. tfg wants to upend the system and install his whimsical vindictive self in its place with any spoils returned as tribute... or gratuities.

In Roberts Court terms, corrupt gratuities aren’t bribes & some corporate leaders are like, “Cool, let’s roll with that.”

Apparently, the CEO’s who believe that fascism is good for business never studied while in school. What the hell are the Ivy leagues teaching these days?

And if dems were smart we would make this a wedge between the evil wannabe Russian oligarchs and the other oligarchs

Do they care if a 1/6 happens at all? Because their response to the first one has been back the instigator to the hilt. Former CEO is as useful as a former Republican.

No reasoning more motivated than that of a billionaire looking at tax cuts and stock buybacks.

Shoshana Zuboff points out how hard it was for people to comprehend totalitarianism. I feel that here in the USA we are struggling to comprehend what is happening in politics and society:--

We will all pay for their greed and ignorance of history if trump wins.

Many of them will pay too, they just don’t realize it yet or think they will be the chosen sons. Idiots.

At least someone in there Gets It and is Arguing For It...

That’s in part because as a Black man, Chenault has never been as ignorant and privileged as his white counterparts.

I wish Kenneth would say which CEO’s

Correct. It will be on a different day. And it will be much much worse.

This is only astounding if you have respect for CEOs. And if you do, honestly, that's probably your fault.

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