Commentary
Politicians in the Democratic Party and labor unions will badmouth corporations frequently during this year’s election campaign. In both cases, self-interest is at work. Democrats demonize and demagogue big corporations to pick up votes from economically illiterate voters who are ensnared by emotive appeals to envy. Unions bash corporations—often, the very corporations who employ their members—for the simple reason that they want to divert as many dollars as possible away from the corporation’s legal owners (shareholders of stock) and executives into their own pockets.
