{"id":4517,"date":"2020-02-04T14:17:38","date_gmt":"2020-02-04T06:17:38","guid":{"rendered":"http:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4517"},"modified":"2020-02-04T14:17:38","modified_gmt":"2020-02-04T06:17:38","slug":"mainly-macro-how-business-lost-its-influence-on-right-wing-parties","status":"publish","type":"post","link":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4517","title":{"rendered":"Mainly Macro: How business lost its influence on right wing parties"},"content":{"rendered":"

Tuesday, 28 January 2020<\/h2>\n

From Simon Wren-Lewis’ Blog<\/p>\n

\n

https:\/\/mainlymacro.blogspot.com\/2020\/01\/how-business-lost-its-influence-on.html?m=1&from=timeline&isappinstalled=0<\/a><\/h3>\n

But when Trump imposes tariffs on imports he may be favouring particular firms, but he is also acting against the interests of US trading firms in general. Why?…..<\/p>\n

This meant that CEOs spoke in the interests of both the companies they ran, but also in the interests of very rich individuals\u00a0like themselves.\u00a0<\/p>\n

In these senses neoliberalism (aka what happened\u00a0during and after\u00a0Thatcher and Reagan) created the conditions that helped diminish the direct influence of business on the dominant right wing party in the UK and US, and therefore for much of the time the UK and US state. This was my thinking when I\u00a0wrote<\/span><\/a><\/div>\n

\u201cRent extractors naturally seek political defences to preserve their wealth, and the mechanisms that sets in place may not embody any sense of morality, leading to the grotesque spectacle of Republican lawmakers depriving huge numbers of health insurance to be able to cut taxes for those at the top.\u201d<\/p><\/blockquote>\n

<\/div>\n
It also means that the finance any party of the right needs can come from money and those that manage business (and extract rent from it), and that can be divorced from the interests of business. This was part of my thinking in\u00a0talking<\/span><\/a>\u00a0of a governing plutocracy, and writing:<\/div>\n

\u201cIt is also a mistake to see this plutocracy as designed to support capital. This should again be obvious from Brexit and Trump. It is in capital\u2019s interest to have borders open to goods and people rather than creating barriers and erecting walls.\u201d<\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tuesday, 28 January 2020 From Simon Wren-Lewis’ Blog https:\/\/mainlymacro.blogspot.com\/2020\/01\/how-business-lost-its-influence-on.html?m=1&from=timeline&isappinstalled=0 But when Trump imposes tariffs on imports he may be favouring particular firms, but he is also acting against the interests of US trading firms in general. Why?….. This meant that CEOs spoke in the interests of both the companies they ran, but also in the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-4517","post","type-post","status-publish","format-standard","hentry","category-reflections","category-international-economics"],"_links":{"self":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4517"}],"version-history":[{"count":2,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4517\/revisions"}],"predecessor-version":[{"id":4519,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4517\/revisions\/4519"}],"wp:attachment":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}