Before Jeb! Bush unveiled his tax! plan! on Wednesday, he met in Manhattan with Stephen Moore, an economist at the conservative Heritage Foundation. Also there were Steve Forbes (whose family owned Forbes Magazine until they sold it last year to Hong Kong-based investors) and Larry Kudlow (a CNBC contributor and the worst economic prognosticator since Irving Fisher).
Moore, Forbes and Kudlow wield real power in parts of the Republican Party, and together with economist Arthur Laffer have created something called the Committee to Unleash Prosperity. According to the Washington Post, Bush was there “seeking their counsel” and “courting the party’s tax-cutting enthusiasts [as] a gesture of goodwill and a signal to the party’s business wing.” Other GOP presidential candidates, including Ohio Gov. John Kasich, Wisconsin Gov. Scott Walker and Kentucky Sen. Rand Paul, have also traveled to New York to audition for them.
What’s particularly notable about this is that Moore is honestly, straightforwardly dismissive of the importance of democracy. In the 2009 movie Capitalism: A Love Story, Moore went on camera to say, “Capitalism is a lot more important than democracy. I’m not even a big believer in democracy.” (Capitalism was directed by Michael Moore, no relation to Stephen, but my former boss.)
Moore’s stature is a testament to how prioritizing capitalism over democracy is a perfectly acceptable position in the current U.S. political system.
Transcript from the movie:
MOORE: Capitalism is a lot more important than democracy. I’m not even a big believer in democracy. I always say that democracy can be two wolves and a sheep deciding on what to have for dinner. … Look, I’m in favor of people having the right to vote and things like that. But there are a lot of countries that have the right to vote and they’re still poor. Democracy doesn’t always lead to a good economy or even a good political system.
IT’S EVEN WORSE THAN WE THOUGHT.
What we’re seeing right now from Donald Trump is a full-on authoritarian takeover of the U.S. government.
This is not hyperbole.
Court orders are being ignored. MAGA loyalists have been put in charge of the military and federal law enforcement agencies. The Department of Government Efficiency has stripped Congress of its power of the purse. News outlets that challenge Trump have been banished or put under investigation.
Yet far too many are still covering Trump’s assault on democracy like politics as usual, with flattering headlines describing Trump as “unconventional,” “testing the boundaries,” and “aggressively flexing power.”
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IT’S BEEN A DEVASTATING year for journalism — the worst in modern U.S. history.
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. Corporate news outlets have cowered, becoming accessories in Trump’s project to create a post-truth America. Right-wing billionaires have pounced, buying up media organizations and rebuilding the information environment to their liking.
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I’M BEN MUESSIG, The Intercept’s editor-in-chief. It’s been a devastating year for journalism — the worst in modern U.S. history.
We have a president with utter contempt for truth aggressively using the government’s full powers to dismantle the free press. Corporate news outlets have cowered, becoming accessories in Trump’s project to create a post-truth America. Right-wing billionaires have pounced, buying up media organizations and rebuilding the information environment to their liking.
In this most perilous moment for democracy, The Intercept is fighting back. But to do so effectively, we need to grow.
That’s where you come in. Will you help us expand our reporting capacity in time to hit the ground running in 2026?
We’re independent of corporate interests. Will you help us?
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