Corporate capital and Trump's coup: Will business elites take a stand?
7 min read
Trump's war on democracy is clearly bad for business — but the leaders of corporate America helped create this mess
The latest news out of Michigan — in which the current occupant of the White House has not only summoned Republican legislative leaders to meet with him but pressured two members of the Wayne County Board of Canvassers into attempting to rescind their votes to certify the election outcomes, potentially disenfranchising thousands of legitimate votes — makes clear that Donald Trump and his minions have opened a trap door in the foundation of democracy and are diving into an abyss of raw power and violence that none of us may escape. Joe Biden's administration will have to grow brass knuckles to deal with what's coming. Business and civic leaders, in the large corporations and the elite universities, should grow some brass knuckles, too. Other news of recent weeks makes one wonder if they will.

Thirty important CEOs of major corporations logged into an early morning, off-the-record Zoom meeting on Nov. 6 to explore responses to Donald Trump's defiance of democracy. One of those was Robert Iger, the 69-year-old executive chairman of the studiously apolitical Walt Disney Company. He and the other chief executives, including three former U.S. cabinet secretaries, convened with Jeffrey Sonnenfeld, the peripatetic maestro of confidential executive conclaves and business-leadership programs who is a professor of management at Yale and a founder of the Chief Executive Leadership Institute.


The virtually assembled CEOs had been shaken by Trump's delusional White House briefing room pronouncements about the election. So they listened intently as Yale historian Timothy Snyder, a scholar of 20th-century authoritarianism and the author of "On Tyranny: Twenty Lessons From the Twentieth Century," explained how business elites' inaction and prevarications about rising fascism in Weimar Germany and other countries had wound up facilitating Nazi and other fascist coups whose tactics Trump has been emulating, with eerie if somewhat loopy fidelity.

But after Snyder…
Jim Sleeper
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