Meanwhile, as Larry Summers says, the precedent — although tiny — is not good: it’s not just crony capitalism, it’s government as protection racket, where

2017-04-18 12

Meanwhile, as Larry Summers says, the precedent — although tiny — is not good: it’s not just crony capitalism, it’s government as protection racket, where
companies shape their strategies to appease politicians who will reward or punish based on how it affects their PR efforts and/or personal fortunes.
It says that large parts of the news media, whose credulous Trump coverage
and sniping at HRC helped bring us to where we are, will be even worse, even more poodle-like, now that this guy is in office.
When The Ridiculous Is Ominous -
I’m still mulling over the Carrier deal, which I suspect will be a template for the Trump years in general — again and again, we’ll see actions
that are ridiculous in themselves, but add up to a very scary picture.
Start with the ridiculous nature of the whole thing: we’re talking, it now turns out, about 800 jobs in a nation with 145 million workers.
How does something that isn’t even rounding error in the overall jobs picture come to dominate a couple of news cycles?
Around 75,000 workers lose their jobs every working day.

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