Are we governed by the electorate or by CEOs?

Indiana’s quick modification of the Religious Freedom Restoration Act shows much clout corporate CEOs have when a state government does something that displeases them.

jm040315_COLOR_GOP_Business_Religious_FreedomMany of us liberals worry about the power of the so-called religious right.  But what happened in Indiana shows who holds the real power.

I’m glad the law was modified.  I think it went beyond the legitimate purpose of not forcing people to support or participate in religious rites they don’t believe in.  But I’m not happy about how easily CEOs of large corporations can force elected officials to cave in when they displease the CEOs.

Of course there’s no way of knowing whether the CEOs were bluffing or making symbolic gestures or threatening to do things they were planning to do anyway.  I doubt that institutional investors would tolerate a CEO doing something that would reduce profits just for reasons of personal conviction.

LINKS

A CEO champions gays (and CEOcracy): “The Party of CEOs” is emerging by Steve Sailer for the Unz Review.

The Hypocrisy of Mark Benioff and Co. by Rod Dreher for The American Conservative.

Should Mon and Pops That Forgo Gay Weddings Be Destroyed? by Conor Friedersdorf for The Atlantic.

Indiana and the Constitution by Andrew Napolitano for the Unz Review.  Why the law needed to be changed.

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