Would new york be a global financial capital, or even a prosperous city, if markets had no basis for trusting the transactions that happen there? Obviously not.
Businesses and investors rely on a robust legal system—especially courts of law and impartial, fact-based trials by jury—to enforce contracts and punish fraud. That’s why, in the past decade alone, New York City prosecutors have brought thousands of felony charges for falsifying business records. It’s a crime because it strikes at American prosperity.
Sadly, the true motives of some in Mr Trump’s camp are even uglier. He and his ideological allies have been quite explicit: upon regaining power, they intend to corrupt the legal system to use the state against political opponents. Some American elites support this autocratic agenda because in such a Trumpist regime they expect to be the new oligarchs. Others fear that opposing Mr Trump will bring retaliation, so seek safety by pledging loyalty.
www.economist.com
Businesses and investors rely on a robust legal system—especially courts of law and impartial, fact-based trials by jury—to enforce contracts and punish fraud. That’s why, in the past decade alone, New York City prosecutors have brought thousands of felony charges for falsifying business records. It’s a crime because it strikes at American prosperity.
Sadly, the true motives of some in Mr Trump’s camp are even uglier. He and his ideological allies have been quite explicit: upon regaining power, they intend to corrupt the legal system to use the state against political opponents. Some American elites support this autocratic agenda because in such a Trumpist regime they expect to be the new oligarchs. Others fear that opposing Mr Trump will bring retaliation, so seek safety by pledging loyalty.
American business should not empower a criminal, says Reid Hoffman
No rational CEO would want a capricious strongman in the White House, argues the entrepreneur