The business press needs to be called out for its bias. Fortune Magazine is now owned by a private Thai business with a big stake in the Chinese economy.
This vanity questions Fortune’s editorial methods and points out the flaws in its December 2019 issue’s story, “Why Trump is Bad for Business.”
Welcome your comments and critique.
Outstanding article with MANY excellent points.
Too much to comment on all of them, but I’ll pick just 1.
1. Trump & Gates are not like other CEOs. Actually I would quibble with that and say that Gates is much more like the others than you might think, but your point is valid. Trump has SKIN IN THE GAME.
There are far too many MBAs running US companies. MBAs who did not start or nurture those companies and whose main goal seems to extend only to the next quarter and/or manipulating the stock price and/or enriching themselves.
My quibble: I would argue that there are many like Gates who appear to have started and run their own companies, but they did not. I believe they were set up by the Deep State. In this category I would put Zuckerberg, Brin & Page, Bezos, and many others. The best example of this is Epstein!! Where do you suppose his billions came from? How did he get his start? See any evidence of business activity? Anything that would generate billions? Any particular reason that already rich people would go to him for “financial advice”?
JE is the most extreme example, but I have a hunch that there are many like him in the business world. This is why POTUS has had to be careful and take his time dismantling the DS enterprises. He wants to remove the cancer (DS players) without killing the patient (US economy, normal US citizens invested in DS-controlled companies).
I realize I’m off on a bit of a tangent from your article, but hope you find this useful/interesting.
Thanks for the ping, I didn’t know this, but it makes a boatload of sense given the types of articles I have read from them recently.
I can’t find it, but I just read an article from them posted on FR recently basically saying the Intellectual Property Theft by China is overblown and no big deal.
I shook my head reading it, and decided if that is the caliber of people writing for them, I am done even looking at them.
This kind of explains it for me.
You are exactly right about segments of the media — how large I suspect we don’t know — being bought off by the Chinese. I would not exclude high level US politicians from the list of the “bought and paid for “
A few months ago an astute and conservative Chinese friend — now a naturalized and proud US citizen — asked my why Congress and the media were not supporting Trump in the trade negotiations with China. My answer was, much of Congress and the media are on the side of China, not American citizens or the US.
Yes even the so called “business” publications have been co-opted by the left and globalists. Especially the UK ones like Financial Times and the Economist.
About the only one still on the right is Investor’s Business Daily.