Seeking truth through diverse,openminded expression,explaining america to the world
Saturday, April 15, 2023
Big Banks, Going Liberal
AMERICA IS FUNDAMENTALLY a progressive country, as Michael Moore points out in his seminal political documentary "Fahrenheit Eleven Nine". By that he means, and surveys repeatedy indicate that, on issues such as reproductive rights, LGBTQ rights, the economy, public policies of all kinds, social programs and policies, separation of church and state, climate change, and on and on, a majority of Americans agree with the progressive, rather than the conservative position. Not overwheliming majorities, but majorities. And that is precisely why so many big corporations, Fortune Five Hundred types that are overwhelmingly owned and operated by wealthy conservatives, so often embrace progressive policies, such as action to reverse climate change, support for LGTBQ, gay, and transgender rights, and so forth, despite teh frequent disapproval of the conservative community. Big corporations get big and walthy not by being stupid, but by knowning where, to coin a phrase, which side their proverbial bread is buttered on. The action now is in Texas, where it so often seems to be these days when social - cultural wars are being fought. The big banks in that great backward looking state are indeed supporting progressive causes which many wealthy elites deem unacceptable. Throughout the Repbulican controlled and dominated Texas state legislautre, both houses, a roilng boiling movement is afoot to remove state money from all offending banks, meaning banks which support obviously correct, progressive causes, instead of merley tacitly supporting the conservative status quo. The problem is, that government accounts and finances are in many instances so deeply insinuated within and entengled with these same banks that it might be almost impossible to pull off a complete divorce without seriously disrupting not only state business and functioning, but the portfolios of many of these same wealthy conservatives. Quite a mess. The banks, knowing that they ultimately hold the winning hand, are for the time being just sitting tight, pledging to continue their fine tradition of serving the best interests of everyody in Texas, and so forth, blah blah. five'll get you ten that the big banks wil remain in Texas, under arragnements acceptable to them, which means still supporting proressive and minority investors and causes, just like all banks smile and wave and kiss babies of all who enter their doors bearing money. Meanwhile, the great Christian conservaitve self righteous community will quietly, grudgingly stop their gratuitous, politically motivated attack on our nation's fine corporate financial system.
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