Andrew Ross Sorkin: Is Big Business the Democrats’ New Best Friend?

Andrew Ross Sorkin has a new article in the New York Times in which he basically explains that Joe Biden’s Democratic Party is evolving into the Whig Party or the old Republican Party.

New York Times:

“It might seem even more strange to see Democrats teaming up with big business. But Democrats, especially the more progressive members of Congress who made their careers bashing big business and corporate money in politics, may need to rethink their friends, too. Big business has become one of the most powerful forces in the country to advance social equity issues.

Companies from Netflix to Citigroup got behind Black Lives Matter last summer; boycotts, including by the National Basketball Association’s All-Star Game, pushed North Carolina to repeal a law preventing transgender people from using restrooms that match their gender identity; and now, companies are speaking out against efforts that disproportionally suppress minority votes.

While business still gives more money to Republicans than Democrats, in recent election cycles an increasing amount of corporate money has been moving toward Democrats. When the U.S. Chamber of Commerce recently began backing a few more Democrats, Senator Tom Cotton, Republican of Arkansas, accused the trade group of purging “most, if not all, of its real Republicans in top ranks.” …

“American big business in particular has led the way toward making America more socially inclusive,” Tyler Cowen, an economist, wrote in his book “Big Business: A Love Letter to an American Anti-Hero.” But Mr. Cowen also noted that it is “profit maximization alone — not to mention the consciences of some C.E.O.s” — that “puts big business these days on the side of inclusion and tolerance.”

Progressives need to rethink who their friends are these days. Corporate America is on the side of progressive activists now. Big Business has become “one of the most powerful forces in the country to advance social equity issues.” Jeff Bezos and Bill Gates are the good guys now.