Tuesday, May 20, 2008

"Pro-business"

Why are national politicians who protect the perks of ceos, the tax evasions of companies, and so many other elements of our business culture that adds not a whit to productivity to be "pro-business"? Is Barney Frank who is trying to both protect the trust so necessary for the proper functioning of our financial markets while limiting the options of those who operate in those markets to reduce the benefits they gain from detracting from that trust "anti-business"? Is someone who insisted that to regulate is "anti-business" or someone who suggested that hiding CEO's salaries and option in assorted footnotes thus making it unusually difficult for the owners and potential owners (otherwise known as "shareholders") to evaluate such things is good for productivity, for the free and best flow of the allocation of capital, and for bolstering the long-terms interests of American business "anti-business." If yes, no wonder so much of our politics has little relation to the realities of the issues needed to be considered.
See Robert Caro comment on current Senate.