While the left is highly motivated toward “capturing the corporation,” corporate management and shareholders are often not so committed to the defense of free enterprise and capitalism.
Many in corporate management and the institutional shareholder community swing left. Those that don’t are often afraid of political incorrectness. Conservative and libertarian shareholders who haven’t abandoned publicly traded corporations altogether in favor of private equity and hedge funds tend to exhibit an unfathomable ennui at the visible transformation of the publicly owned corporation from societal golden goose to socialist tool.
The irony is that the left has yet to figure out that socialists can’t afford to kill the golden goose.
The other letters printed in the journal (from communists, in our view) support the left-wing tactic of politically silencing corporations through mandatory disclosure of political contributions.