The Bulwark Podcast
Edward Luce: Why Big Business Is Caving to Trump
Jan 26, 2024
Edward Luce, writer and journalist, discusses the complex relationship between big business and democracy under Trump. They explore the concentration of power in corporations, cognitive dissonance in business executives, and the arrogance of big business. They also touch upon the perception of a rigged system and the need for radical action for equal opportunity in America.
43:12
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Quick takeaways
- Business leaders may prioritize their own interests over democracy, as seen through the changing stance of Jamie Diamond.
- The current economic system favors aspiring monopolists, leading to a decline in opportunities for small businesses and wealth disparity.
Deep dives
Biden and capitalism versus democracy
The podcast episode explores the relationship between capitalism and democracy, highlighting that while democracy requires capitalism for power dispersion, capitalism does not necessarily need democracy. It emphasizes that assuming business leaders will defend democracy in times of crisis is naive. The episode discusses the changing stance of Jamie Diamond, showcasing how business leaders may prioritize their own interests over democracy. It also delves into the potential dangers of Trump's return and the impact of his policies on different sectors of the economy.
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