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Posted: 2020-08-04 10:44:54

The Mountain and the Molehill

"The Microsoft / TikTok affair is a betrayal of both the rule of law and the capitalist system"

From Rusty Guinn at Epsilon Theory
Originally published 2020 08 04
The best thing about 2020 is that if you don’t know where your close friends, family and colleagues stand on something, now you do.The worst thing about 2020 is that if you don’t know where your close friends, family and colleagues stand on something, now you do.
That US corporations must now consider their actions based on how they believe they will align with the person and preferences of the president in order to conduct business is a basic betrayal of the rule of law. That we have now established a precedent to enforce or not enforce regulations or orders based entirely on whether a citizen or corporation pays a financial tribute to the US treasury is a brazen betrayal of the rule of law. That the ability to pursue corporate actions and investments is now not determined by the forces of competition but by which institutions can secure an audience with the king and most afford to pay it tribute is a shameless and destructive betrayal of the capitalist system.
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Tags:rules of law,united state,chinese parents company,capitalist system,close friend,us government,financial market,fellow conservative,us corporation,president trump,In Brief,Premium