For decades, liberals have used "big business" as a bugaboo. Leftists say corporations are mean, heartless and cruel -- and what's more, they're inherently capitalist and conservative. When the economy tanks, liberals blame right-wing corporations; when the regulatory state fails, liberals claim that corporations have perverted the system.
In reality, corporations aren't conservative. They aren't capitalist. They're after the nearest buck. And when the nearest buck can be obtained simply by playing footsie with the federal government, big business becomes an emissary of the government.
To achieve its ends, the federal government employs two methods: the carrot and the stick. The carrot is special regulation and legislation benefitting certain businesses; the stick is heavy regulation designed to threaten businesses into compliance with federal mandates.
This last week provided proof in spades that big business has become a tool of the state. On Jan. 18, the Federal Communications Commission OK'ed the merger of Comcast and NBC Universal. In order to obtain permission for that merger, however, the FCC required that Comcast fulfill certain conditions: NBC and Telemundo will need to add 1,000 hours of local news; Comcast must subsidize low-income Internet access to the tune of $10 per month for 2.5 million low-income households; and most egregiously, Comcast must increase Spanish-language programming.
Comcast, seeking to confirm the $30 billion deal, went along with the regulatory blackmail. And so Comcast became an active part of the liberal program to reach out to Hispanics, the poor, and a news media that desperately needs government interventionism in order to survive.
In the same vein, Republican entrepreneur Donald Trump caved in to Democrats this week in an attempt to protect his business interests. While The Donald is no fan of President Obama -- he says that China is "laughing at our leadership" and that Obama is letting China "get away with murder" -- he willingly forked over a $50,000 check to Rahm Emanuel's Chicago mayoral campaign. No doubt Trump's Chicago real estate holdings had something to do with the contribution.
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