Tha nation's business community is getting more and more nervous about government intervention. From
BusinessWeek:The Administration's approach has real dangers. Attempting to reorganize and tinker with the culture of a giant corporation like GM is risky in the best of times. Taxpayers may find themselves hopelessly entangled in lost corporate causes, with billions of loans never returned. Companies that are shackled with pay restrictions may lose top talent to those that aren't. Countless historical examples show the potential for unintended consequences from well-intended policies. (Just one example: the costly distortions in employee titles and pursuit of tax loopholes that followed imposition of government wage and price controls.)
Now groups are beginning to mobilize in defense of capitalism and against the Obama administration's invasive policies.
The U.S. Chamber of Commerce today announced that it would develop a sweeping national advocacy campaign encompassing advertising, education, political activities, new media, and grassroots organizing to defend and advance America’s free enterprise values in the face of rapid government growth and attacks by anti-business activists.
“Supporters and critics alike agree that capitalism is at a crossroads,” said U.S. Chamber President and CEO Thomas J. Donohue. “It’s time to remind all Americans that it was a free enterprise system based on the values of individual initiative, hard work, risk, innovation, and profit that built our great country. We must take immediate action to reaffirm the spirit of enterprise in America.”
While on the one hand I applaud the belated outcry over government intervention, this recent development belies a deeper problem. Business in general, and the US Chamber in particular, was all too happy to accept government money a few months ago, yet now that there are some strings attached to these billions, they are up in arms. If we truly value a capitalist society, and I do, then we need to retain a certain loyalty to its principles. If that means certain businesses go under (read: GM) then so be it.
1 comments:
C of C should lobby harder. Their image is one of supporting sending jobs overseas and hiring illegal aliens. In my state they lobbied for a reduction in business property tax, successfully raising the homeowner property taxes. When they stop representing the ugly side of economics, the anti-consumer side, they may find more success for their views....
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