Why Republicans are suddenly panicked by the market they used to love

Why Republicans are suddenly panicked by the market they used to love

For the past few decades, the GOP’s interests aligned harmoniously with those of corporations. Businesses amassed wealth while staying out of social issues. The GOP, in turn, rewarded businesses with tax cuts. The status quo was fine.

This state of affairs allowed the Republican Party to reward itself with the mantle of the “pro-market” party. However, as society has become more socially liberal, businesses are adapting to their customers’ evolving preferences. A longstanding symbiosis has been upset and the Republicans have begun panicking.

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