Are Business Elites Capitalists?
Your Business Blogger once partnered with a former McKinsey Consultant, a brilliant mind with a Ph.D. in Math from Columbia. I once wondered aloud why McKinsey, indeed all big business seemed to be confused conservatives.
If you are in business, doing business, creating wealth — you must be a Calvin Coolidge conservative GOP’er. Right?
“Silly knave,” says my elder, better business partner. “Businesses always start out conservative — but turn liberal as they get bigger.” Then he launches into correlations and matrixes and standard deviations, proof theorems for the evolution from small government business conservative to big government business liberal elite.
Someone should write a book, I thought. And warn us.
Tim Carey has written the Big Ripoff.
Tim’s thesis is that Big Business actually embraces and welcomes Big Government regulation to install barriers to entry to hinder smaller competitors.
Big Government has become the enabler of, and provided of a competitive advantage for Big Business.
Liberal elites in business are more interested in protecting a current position than in encouraging innovation, especially if the new ideas come from outside the company. (Goodness, Big Business doesn’t care for innovation inside their companies.)
And like true progressives these days, the author, the topic, the debate is blasting at the Conservative Political Action Conference. CPAC 2007 in Your Nation’s Capital.
by Tim Carney
Published by Wiley
Tim was a panelist at CPAC debating America’s Business Elites — Do They Really Believe in Free Enterprise.
After Tim’s compelling presentation, it is clear that Big Business Elites are not good for business.