the C-suite credo

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Jon Chait points out how 'the wealthy would never steal' is a credo for Trump's party:

Donald Trump's government has not yet taken power, but its epitaph may have already been written. The author, Lawrence Kudlow, is a noted voodoo economist and the reported leading candidate to head the administration's Council of Economic Advisors.

In a National Review column, Kudlow makes the case not only that Trump and his administration are not corrupt, but also that they cannot be corrupt, by virtue of their wealth. "Why shouldn't the president surround himself with successful people?" reasons Kudlow, "Wealthy folks have no need to steal or engage in corruption."

The examples of Bernie Madoff, Don Blankenship, the Enron crew, WorldCom, and too many others to list come to mind--but not at NR. "Conservatives like to imagine that their policy represents a challenge to the power structure," Chait continues, but 'crony capitalism' is not the only type of white-collar thievery. Chait continues:

The conceptual distinction between the good kind of wealth, earned through the free market, and the bad kind, earned through political favoritism, is an absolutely vital one for right-wing intellectuals. And yet Trump is showing how easily it collapses in practice. Conservatives have treated a first family using the powers of office to enrich itself -- not theoretically or in the future but right now, on an ongoing basis -- as, at worst, a distraction or a problem of optics. In practice, conservatives share Kudlow's belief that a government of and by the rich is necessarily virtuous.

The conclusion?

We can be pretty sure that Trump, his family, and his friends will be among the people who gain from his policies. Conservatives appear distinctly unalarmed by the prospect.

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This page contains a single entry by cognitivedissident published on December 27, 2016 9:27 PM.

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