Global Business Boosters

Neil Irwin flags a new survey showing that “where big business has the least power and capitalist economies are the least developed, optimism and support for the corporate sector is highest”:

When it comes to business exerting power over the economy, Americans have mixed views but are generally comfortable. But when it comes to business exerting power over government, they are much more exercised. Americans aren’t antibusiness, in other words. They’re just against business having what they see as too much power in Washington.

Compare that with China, where citizens seem to view businesses as less powerful in terms of lobbying (only 19 percent seeing a lot of influence by corporate lobbyists, a full 40 percentage points lower than in the United States) but are more likely to believe it is good for companies to be strong and influential. One might imagine that Chinese citizens see less a phenomenon in which business overly influences government and one more in which government overly influences businesses. … In Communist Party-led China, 74 percent of respondents agreed with the statement that “it is a good thing when corporations are strong and influential, because they are engines of innovation and economic growth.” That is around three times the level of support found in capitalist paradises like Britain, the United States and Australia.