Firms With 40% of the S&P Market Cap Are Under Harris-Biden’s Justice Department Investigation

A majority of America’s greatest companies are under perpetual investigation by the Democrat regime. Murderers, rapists, illegal criminals are released and unleashed on an unsuspecting population but American business is the Democrats’ chief villain.  Show me the company and I will show you the crime (to paraphrase Lavrentiy Beria, the most ruthless and longest-serving secret police chief in Joseph Stalin’s reign of terror in Russia.)

“The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of mankind. What reward did they receive from our culture and its intellectuals? The position of a hated, persecuted minority. The position of a scapegoat for the evils of the [Democrats].”

“Businessmen are the one group that distinguishes capitalism and the American way of life from the totalitarian statism that is swallowing the rest of the world. All the other social groups—workers, farmers, professional men, scientists, soldiers—exist under dictatorships, even though they exist in chains, in terror, in misery, and in progressive self-destruction. But there is no such group as businessmen under a dictatorship. Their place is taken by armed thugs: by bureaucrats and commissars. Businessmen are the symbol of a free society—the symbol of America. If and when they perish, civilization will perish. But if you wish to fight for freedom, you must begin by fighting for its unrewarded, unrecognized, unacknowledged, yet best representatives—the American businessmen.

“America’s industrial progress, in the short span of a century and a half, has acquired the character of a legend: it has never been equaled anywhere on earth, in any period of history. The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of mankind. What reward did they receive from our culture and its intellectuals? The position of a hated, persecuted minority. The position of a scapegoat for the evils of the [Democrats].”

Ayn Rand , “America’s Persecuted Minority: Big Business,”Capitalism: The Unknown Ideal

Everyone Is Under Investigation

Firms with 40% of the S&P market cap are under Justice Department scrutiny.

By: Wall Street Journal, October 15, 2024;

No one in business can escape the tentacles of the federal government these days, and it’s worse than even we imagined. That’s the lesson of a revealing fact turned up by our friend Dan Clifton of Strategas Research Partners.

Mr. Clifton follows the intersection of business and government, a growth industry. He calculates that companies representing about 40% of the market capitalization of the S&P 500 are under investigation by the Justice Department for something.

Mr. Clifton lists 41 companies with a wide range of business and market caps. What they have in common is that the Justice Department is reportedly investigating them for various and sundry regulatory or other matters. This doesn’t mean any of them are guilty, only that the vast legal bureaucracy is hunting for something to hold against them.

Antitrust is a booming business for Justice, with such firms as Alphabet (Google), Visa, Apple, Live Nation, Nvidia and UnitedHealth under scrutiny. Southwest Airlines is getting the twice-over for 2022 holiday travel chaos. Justice claims Regeneron Pharmaceuticals manipulated Medicare reimbursement. Regeneron denies it.

If you didn’t know anything about modern government, you might conclude corporate America is a giant crime syndicate. Instead Mr. Clifton’s list shows the degree to which the Biden Administration has unleashed the state against successful companies. Democrats need villains to run against, and the public mood these days is anti-business. Make money, or build a better mousetrap, and sooner or later Uncle Sam is coming after you.

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