For quite many decades now the Republican Party in the United States, the "conservatives", have been notorious for their pro-corporation policies. They endorse and drive policies and laws that would maximally benefit corporations and their economic wealth and growth. They drive for low or no taxes for corporations, tax breaks, minimal governmental regulation and interference, and so on and so forth.
The Democratic Party, the "liberals" (in the American political landscape sense), on the other hand, have always have a significantly less corporation-friendly attitude, wanting more control, more regulation, higher taxes, higher minimum wages, and so on.
In this context, it seems very strange and highly unusual for most of the major American tech corporations and financial institutions to seem to oppose the Republican Party, the Republican administration, and on the contrary support the Democrats instead.
In fact, since the mainstream media failed in 2016 to have the Democratic presidential candidate to be elected, it appears that the largest corporations, including Facebook, Twitter, Apple, Visa, Mastercard and Paypal, have taken the task to make sure that Trump doesn't get re-elected in 2020, and instead whatever Democratic candidate it may be, does get elected.
But why? Why do these big corporations oppose the political party that's most pro-corporation, the party that would most benefit them as corporations, and instead promote the opposing party, which has a policy of higher taxes and more regulation?
I'm not an economist, nor do I have any sort of knowledge about that field, and I have absolutely no idea what goes on behind the closed doors of those corporations, at their higher levels, but here's my hypothesis:
There's one thing in common with all those corporations: They aren't solely American corporations. They are huge multinational corporations. They operate in almost every single country in the world. In fact, the United States, while big, might not even be the country where these corporations have the most business. And, compared to all the business that these corporations have in the entire rest of the world, the United States itself is a relatively small fraction of the whole.
Thus, I believe that these particular multinational corporations don't actually care all that much if they have to pay a bit more taxes and their activities are a bit more regulated within the United States. It's a big market for sure, but in the grand scheme of things it's just a relatively small fraction of their entire economic empire. Also, when it comes to raising minimum wages, these corporations probably already have relatively high minimum wages, so a raise in the national minimum wage wouldn't really affect them.
What I suspect is happening is that these corporations have come to the conclusion that the nationalist economic agenda of the Republican Party is a worse deal to them than the globalist agenda of the Democratic Party. Even if these corporations will end up paying more taxes within the United States, that will be more than offset, perhaps by orders of magnitude, by better international trade deals, facilitated by the international politics of the Democrats.
So, perhaps somewhat ironically, it may be that the Democratic Party is the more "pro-corporation" party of the two.
At least when it comes to multinational corporations headquartered in the United States. I doubt that the globalist agenda of the Democrats is that good for the thousands of companies that operate solely within the United States, for which the more nationalistic Republican economic agenda would be more beneficial.
These big multinational megacorporations see Trump as a danger to their international economy, and that's why they want to get rid of him and make sure that the Democrats win the next presidential elections.
The Democratic Party, the "liberals" (in the American political landscape sense), on the other hand, have always have a significantly less corporation-friendly attitude, wanting more control, more regulation, higher taxes, higher minimum wages, and so on.
In this context, it seems very strange and highly unusual for most of the major American tech corporations and financial institutions to seem to oppose the Republican Party, the Republican administration, and on the contrary support the Democrats instead.
In fact, since the mainstream media failed in 2016 to have the Democratic presidential candidate to be elected, it appears that the largest corporations, including Facebook, Twitter, Apple, Visa, Mastercard and Paypal, have taken the task to make sure that Trump doesn't get re-elected in 2020, and instead whatever Democratic candidate it may be, does get elected.
But why? Why do these big corporations oppose the political party that's most pro-corporation, the party that would most benefit them as corporations, and instead promote the opposing party, which has a policy of higher taxes and more regulation?
I'm not an economist, nor do I have any sort of knowledge about that field, and I have absolutely no idea what goes on behind the closed doors of those corporations, at their higher levels, but here's my hypothesis:
There's one thing in common with all those corporations: They aren't solely American corporations. They are huge multinational corporations. They operate in almost every single country in the world. In fact, the United States, while big, might not even be the country where these corporations have the most business. And, compared to all the business that these corporations have in the entire rest of the world, the United States itself is a relatively small fraction of the whole.
Thus, I believe that these particular multinational corporations don't actually care all that much if they have to pay a bit more taxes and their activities are a bit more regulated within the United States. It's a big market for sure, but in the grand scheme of things it's just a relatively small fraction of their entire economic empire. Also, when it comes to raising minimum wages, these corporations probably already have relatively high minimum wages, so a raise in the national minimum wage wouldn't really affect them.
What I suspect is happening is that these corporations have come to the conclusion that the nationalist economic agenda of the Republican Party is a worse deal to them than the globalist agenda of the Democratic Party. Even if these corporations will end up paying more taxes within the United States, that will be more than offset, perhaps by orders of magnitude, by better international trade deals, facilitated by the international politics of the Democrats.
So, perhaps somewhat ironically, it may be that the Democratic Party is the more "pro-corporation" party of the two.
At least when it comes to multinational corporations headquartered in the United States. I doubt that the globalist agenda of the Democrats is that good for the thousands of companies that operate solely within the United States, for which the more nationalistic Republican economic agenda would be more beneficial.
These big multinational megacorporations see Trump as a danger to their international economy, and that's why they want to get rid of him and make sure that the Democrats win the next presidential elections.
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