Checks and Balance: The elephant in the boardroom
Checks and Balance from The Economist
The Economist
4.6 • 1.7K Ratings
🗓️ 9 September 2022
⏱️ 43 minutes
🔗️ Recording | iTunes | RSS
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Summary
The close relationship between the Republican Party and the corporate world has shaped American capitalism for decades. Businesses are used to disdain from Democrats, but vitriol from the right is newer. This has been on display in public brawls between lawmakers and companies, and shifting orthodoxies in the Republicans’ economic philosophy. What will be the impact of the party’s growing suspicion of America Inc?
West Virginia State Treasurer Riley Moore tells us why he’s targeting firms that won’t invest in fossil fuels. We go back to a high point in the party’s love-in with big business. And political adviser Oren Cass explains the theory behind the Republicans’ new approach.
John Prideaux hosts with Charlotte Howard and Alexandra Suich Bass.
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Transcript
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| 0:00.0 | Hi, it's John here. We recorded this episode of Chex and Balance on Thursday afternoon, |
| 0:15.2 | and since then, we've all heard the news that Queen Elizabeth II has passed away. It's |
| 0:20.5 | obviously a very sad time for the UK, and a sad time for us here at the Economist. President |
| 0:26.4 | Biden and the First Lady have released a statement in tribute to Queen Elizabeth II saying she |
| 0:31.2 | was more than a monarch, she defined an era. And that's true, she met 13 of the past 14 |
| 0:36.9 | presidents, and it won't be the same without her. You can listen to a special episode of our |
| 0:42.0 | sister podcast, The Intelligence, which looks back at the life of the Queen and asks what's next |
| 0:46.8 | for the monarchy and for the country. And now here's this week's Chex and Balance. |
| 0:55.3 | A small red coffee machine is ceremonially thrown into a dumpster. A man in check pajama bottoms and |
| 1:01.8 | pool sliders takes a hammer to another, smashing it into smithereens on his kitchen floor. |
| 1:07.9 | In a convenience store, a post-it is attached to one. Cake cups are for dumb liberals, it reads. |
| 1:14.5 | You can find all of these angry misiffs under the boycott Cureg hashtag on Twitter. Cureg coffee |
| 1:21.7 | machines and the small cake cup pods used in them are found in approximately 25 million homes |
| 1:27.2 | and offices in America. Most of the posts date from December 2017 when Cureg, along with four |
| 1:33.5 | other companies, pulled adverts from Sean Hannity's Fox News show following comments he had made about |
| 1:38.6 | the then-Republican Senate candidate Roy Moore. The host had suggested that some of the accusations |
| 1:44.7 | of improper sexual conduct made against Moore could be false. Hannity's right-wing fans were |
| 1:50.7 | furious at Cureg for pulling their ads, seeing it as the move of woke liberal snowflakes. |
| 1:56.9 | It's an example of a growing trend. How a business can easily provoke the |
| 2:00.8 | eye of the Trump wing of the Republican Party. And of how corporate America can no longer rely |
| 2:06.6 | on unalloyed support from the GOP? |
| 2:11.2 | I'm John Prado and this is Checks and Balance from the Economist. |
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