What Trump is doing is putting capital 'under the authority of the state' very similarly to what China did in bringing down in 2020 - cancelling Ant Finance IPO, bring down Jack Ma, breaking the edtech industry, setting salary limits for finance sector etc.
OP is right though - you can't blame Tim Cook, Mark Zuckerberg or any of the CEO's who are kowtowing to the King. Role of the CEO is to protect shareholder value, and maximally increase revenue and profit. Hard to see how refusing Donald Trump what he demands would support those objectives.
Capitalism should be recognised for what it is: an amoral engine for economic growth, and the best one at that. Companies have no business preaching to the public the opinions of whichever political party is in charge.
This is exactly why capitalism needs strong and active regulation to protect people from it. Capitalism is, effectively, sociopathic.
Finnucane•5h ago
taylodl•4h ago
Musk has put himself in a position where it's very difficult for him to claim "it was just business." That's a large part of why Tesla sales are now tanking.
Finnucane•4h ago