For much of the 1930s, organizations such as the National Association of Manufacturers (NAM) had been searching in vain for ways to rehabilitate a public image that had been destroyed in the Great Depression and defamed by the New Deal. In 1934, a new generation of conservative industrialists took over NAM with a promise to “serve the purposes of business salvation.” How Corporate America invented Christian America.
Just beating Bank of America, Consumerist readers have voted Electronic Arts the worst company in America
The Business Plot of 1933 has reached a logical conclusion: the Supreme Court has ruled that corporations may spend freely (pdf) to support or oppose candidates for president and Congress.
"This is an America that has transferred its allegiance to spectacle, to pseudo-events, that no longer can determine what is real and what is illusion, that confuses how they’re made to feel with knowledge, that confuses propaganda with ideology, and that’s exceedingly dangerous. All totalitarian societies are image-based societies, and that’s what our society has become.">
The NYT reports that GE has brokered a deal between MSNBC and Fox News to "reconcile" Keith Olbermann and Bill O'Reilly, preventing further criticism of each other or GE. The deal went into effect June 1, the very same day Olbermann declared he was "quarantining" Fox, avoiding discussion of the channel in the future. Mr. Olbermann, who is on vacation, said by e-mail message, “I am party to no deal.” Glenn Greenwald breaks down the political consequences of the deal.