How CEOs are funding one of America's most dangerous shifts

“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”

—Donald Trump Dec. 10, 2024

The 1986 American Heritage Dictionary defines fascism as:

“fascism (făsh'ĩz'am) n. A system of government that exercises a dictatorship of the extreme right, typically through the merging of state and business leadership, together with belligerent nationalism.”

We’re about to be there.

The power of government to both reward and punish is awesome. No other entity can legally take money away from citizens at gunpoint and hand it to others it favors. No other entity has the power to deprive people of their freedom and even their lives. No other entity can use both of those powers to regulate how business must be conducted.

When Disney, a $248 billion dollar company, decided to give a $15 million donation to Donald Trump’s presidential library slush fund, they didn’t do so because they were worried about losing a defamation lawsuit.

To the contrary, they would have easily won the case. The judge in Trump’s New York trial came right out and said, in front of God and the whole world:

“The finding Ms. Carroll failed to prove she was ‘raped’ within the meaning of the N.Y. Penal Law does not mean she failed to prove Mr. Trump ‘raped’ her as many people commonly understand the word ‘rape’. Indeed, as the evidence at trial… makes clear, the jury found Mr. Trump in fact did exactly that.”

It’s also extraordinarily difficult for a public figure to sue for defamation, per the Supreme Court’s 1964 Times v Sullivan case, which requires proof of “actual malice,” a very, very high legal standard.

An article in The New York Times this past weekend added this gem of a paragraph, although ABC insists the meeting wasn’t arranged to discuss the defamation claim:

“Debra OConnell, the Disney executive who directly oversees ABC News, dined with Mr. Trump’s incoming chief of staff, Susie Wiles, in Palm Beach last Monday, according to two people briefed on their interaction. The dinner was part of a visit by several ABC News executives to Florida to meet with Mr. Trump’s transition team.”

Whether OConnell and Wiles discussed the defamation case or not is almost beside the point; the reasonable assumption is that Disney didn’t decide to pay off Trump because they were concerned about the lawsuit but, instead, because they wanted to be on the inside, rather than the outside, of the group of corporations that will make up the “friends of Trump” as he takes over the reins of government. Disney has already gotten their nose bloody by trying to stand up to Trump’s Mini-Me, Ron DeSantis; they’ve learned their lesson well.

This is, classically, how fascists work. In fascist states, corporations and wealthy individuals fall all over themselves to gain the favor of the fascist strongman leader or they lose out big.

When Putin took over Russia, he essentially said to the richest of the Russian oligarchs, “You can be with me or against me, but there is no middle ground.” Ditto for Hungarian strongman Viktor Orbán (who met with Trump in Florida last week), Turkey’s dictator Recep Tayyip Erdoğan (who Trump praised this week), and history’s fascist strongmen from Tojo, Franco, Hitler, and Mussolini to more recent versions like Pinochet, el-Sisi, and Ceaușescu.

And now America. Soon to be the newest fascist state in the world.

This goes way beyond ignoring fascism’s chronicler Timothy Snyder’s warning not to “obey in advance”: The companies whose CEOs are making the pilgrimage to Mar-a-Lago right now are actively trying to get on the inside with Trump by nakedly supporting him.

They both fear his punishments (he’d called for ABC to lose its broadcast licenses, for example) and hope for his largess when he instructs his federal agencies to start cutting regulations and going easy on corporate mergers and tax evasion.

For over 240 years, America was administered by presidents who adhered to the idea that they should govern, as then-New York Times publisher Adolph S. Ochs wrote in 1896, “without fear or favor.”

Not only did they not direct the government to help or harm any specific companies or industries, those elected to the White House over the past century or so even put their own personal wealth into blind trusts to avoid even the appearance of using government to enrich themselves.

All of that came to a screeching halt when the most corrupt (and richest) president in American history came into office in 2017. Now, empowered by having gotten away with encouraging outright sedition (among other crimes), Trump is doubling down as he accepts million-dollar “donations” from corporate CEOs.

While it’s unlikely oligarchs who refuse to go along with Trump will begin to fall out of 14th floor windows like in Russia, Trump has already made it clear he’ll use regulatory agencies and the courts to punish them like Orbán does.

This is not the American way. It is, instead, how fascist nations that inevitably morph into dictatorships work. It’s a huge warning signal to us and the world.

It also sets a terrible example for other republics around the world that aspire to our (former) ideals of democracy and fair play in business and government. And it sets our country up to become a sleazy tinpot dictatorship, descending to the ethics and credibility standards of Third World caricatures.

History is taking careful note of those CEOs who are energetically brown-nosing Trump, just as it did with Thyssen and Krupp, who were prosecuted for war crimes in the 1940s.

And to compound this evil, these businesses are adding to the power that Trump is rapidly accumulating as, one after another, they, politicians of both parties, and people across the media bow their heads and bend their knees.

Any company so willing to engage with such tainted government leadership should alarm us all: Going forward, the honesty, reliability, and safety of their products may well be corrupted by their praetorian relationship with Trump’s regulators, rather than responding to the competitive forces of the actual marketplace.

Which is also why, going forward, we’d all do best to avoid their programs, products, and services.

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