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We Need Corporate Patriotism to Defeat American Marxism
By U.S. Senator Marco Rubio (R-FL)
November 1, 2021
The American Conservative
There was a time when, to paraphrase Charles Wilson, what was good for big American companies was good for America. But today, led by a generation of leaders who feel no obligation to our nation, corporate America is the instrument of anti-American ideologies. …
But the battle against cultural Marxism will not be won by relying on an outdated “Wall Street Journal Conservatism” that does not fully address the challenges faced by working Americans in our 21st century economy.
Defining conservatism as just cutting regulations and taxes works well for the nationless companies headquartered in America. However, those companies have no incentive to reinvest in America’s families, communities, or future.
It is time we push companies to meet their obligations to America. …
First, that means getting wokeness out of the boardroom. At a minimum, we should require that the leadership of large companies be subject to strict scrutiny and legal liability when they abuse their corporate privilege by pushing wasteful, anti-American nonsense. …
Second, … [w]e should require that companies disclose to investors and be held to account for their investment in America – facilities, workforce training, number of American hired – as opposed to off-shoring jobs overseas, or showing how diverse their workplaces are.
Instead of requirements that companies’ board of directors be sufficiently “diverse” like what the Biden Administration is pushing, we should have requirements that companies’ board of directors be free of any conflicts of interest with foreign adversaries like China.
To better align what the stock market rewards with what is good for America, we also need to break institutional finance’s control over corporate America. …
The ultimate way to stop the current Marxist cultural revolution among our corporate elite is to replace them with a new generation of business leaders who consider themselves Americans, not citizens of the world.
That is how we defeat this toxic cultural Marxism and rebuild an economy where America’s largest companies were accountable for what matters to America: new factories built in America, good jobs for American families, and investments in American neighborhoods and communities.
It is not too late to get it right, but we have no time to waste in restoring what has made this nation great for so many generations.
Read the rest here.