Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
Worth noting that the Pharma industry, as well as Big Tech and Wall Street, supported Biden. As a Biden supporter I’d like to believe that this is because he’s an old school Democrat and not afraid of biting the hand that feeds him. More cynically, this could be seen as posturing to keep together what is a very weird coalition (Occupy Wall Street and Wall Street under the same tent).<p>Also maybe relevant: <a href="https://ksr.hkspublications.org/2021/05/18/can-conservatism-be-more-than-a-grudge/" rel="nofollow">https://ksr.hkspublications.org/2021/05/18/can-conservatism-...</a><p>> The best answer, in my view, is that the Republican Party’s remaining connection to the dominant sectors of the American economy occurs through its usefulness as a tool to selectively balance and discipline the members of the Democratic coalition. Big Pharma, for instance, will throw money at the Heritage Foundation to rant against “socialized medicine” whenever talk of the government negotiating drug prices surfaces, but pharma is hardly interested in repealing Obamacare, much less dismantling Medicare. Financial lobbies will rent the Republican Party to ward off troublesome regulations or taxes, but are hardly interested in “sound money” policies or big spending cuts that would derail financial markets, never mind social conservatism. Big Tech will team up with Americans for Prosperity to oppose legislation limiting app store developer fees, all while more aggressively controlling conservative speech online, and so on.