The laissez-faire capitalism files: Corporate opposition to climate change measures

“Social responsibility is a fundamentally subversive doctrine" in a free society, and have said that in such a society, "there is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” -- Milton Friedman, 1969

“Most big businesses dictate the rules of the game by corrupting and subverting governments. They routinely operate with deception and fraud. They always try to minimize competition as much as possible.”-- Germaine, 2022

The Guardian writes:

Leaked: US power companies secretly spending millions to protect profits and fight clean energy

The CEO of the biggest power company in the US had a problem. A Democratic state senator was proposing a law that could cut into Florida Power & Light’s (FPL) profits. Landlords would be able to sell cheap rooftop solar power directly to their tenants – bypassing FPL and its monopoly on electricity.

“I want you to make his life a living hell … seriously,” FPL’s CEO Eric Silagy wrote in a 2019 email to two of his vice-presidents about state Senator José Javier Rodríguez, who proposed the legislation.

Within minutes, one of them forwarded the directive to the CEO of Matrix, LLC, a powerful but little-known political consulting firm that has operated behind the scenes in at least eight states.

Rodríguez was ousted from office in the next election [he lost by 40 votes]. Matrix employees spent heavily on political advertisements for a candidate with the same last name as Rodríguez, who split the vote. That candidate later admitted he was bribed to run.

Hundreds of pages of internal documents – which are only coming to light now because Matrix’s founders are locked in an epic feud – detail the firm’s secret work to help power companies like FPL protect their profits and fight the transition to cleaner forms of energy.

In Florida, Matrix’s work touched almost every level of politics, from influencing local mayoral and county commission elections to combating attempts to reshape the state constitution. In each of those cases, Matrix was working against politicians or policies fighting to curb the climate crisis by encouraging renewable power.

Matrix employees had a Jacksonville journalist spied on after he wrote critically about FPL. And in 2020, Matrix even harnessed the power of the press for itself, when its employees acquired control of The Capitolist, a Tallahassee-based political news site which it used for favorable coverage, leaked records show.

Big polluting corporations do not hesitate to use sleaze, slanders and lies to protect profits. There is far too much money in polluting for big polluters to not fight tooth, claw and dagger against any efforts to even try to deal with climate change. Corporations have great power to subvert and corrupt governments and politicians with a combination of dark free speech and campaign contributions (bribes). It is therefore no surprise that the US cannot act decisively to at least try to deal with climate change.

This is just laissez-faire capitalism as usual. Social conscience is non-existent. The only relevant moral value is profit. Nothing else counts.