In America, the victory of environmental regulation seems to be a foregone conclusion for many of the nation's largest companies. Companies like ExxonMobil and Wal-Mart, which have typically had very strong ties to Republicans, are among those incorporating an internal form of a carbon tax into their long-term financial plans.
Calvin Coolidge once announced that “the business of America is business.” That’s not as true today, when American businesses are often portrayed as the bad guys, causing problems that require big government solutions.
It’s a bad omen for free enterprise, prosperity and liberty when normally warring special interest groups such as big business and progressive activists agree on public policy.
How often do you hear someone other than a paid spokesman say something nice about corporations? Very, very seldom.