6/2/22

Jack Welch destroyed American democracy: author

Is a human trophic level just the larder for a pack of predatory oligarchs who feed on miserable and quarrelsome superconsumers? 


Author David Gelles is making the case that Jack Welch destroyed American democracy with predatory capitalism and through unprecedented fraud. According to Gelles, rabid Republican Welch even ordered GE-owned NBC to call the 2000 presidential election for George W. Bush despite Vice President Al Gore clearly winning the popular vote and an electoral college in crisis.
From being the most valuable company on Earth, GE fell to the point of essential irrelevance in the American economy. In 2018, with all of Welch's bad decisions catching up with the company, GE was removed from the Dow Jones Industrial Average, the bluest of blue chip indexes and a real bellwether of the American economy. [Fresh Air]

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