A divide is opening between imperious corporate liberalism and anti-institutional populism.
Hersh and Shah conducted a detailed survey last year of 320 business elites as well as 670 ordinary people for comparison. According to figures Hersh sent me, 71 percent of Democratic business elites think corporate leaders should be “somewhat” or “very” engaged in political advocacy. Among Republican business elites, that figure was 58 percent.
Business elites in both parties think increased political engagement would be bad for their firm’s profitability. But Democratic elites believe it would improve the company’s brand and employee morale. Republican elites think increased political engagement would make those things worse, the survey found.
Corporations, after all, can have an interest in political stability. Two researchers at the University of Nevada at Las Vegas, Kenneth Miller and Tanner Bates,between corporate PAC contributions to members of the House of Representatives and those members’ votes to certify the presidential election on Jan. 6, 2021.
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