The Corporate State of Delaware

Source: The American Prospect
by Amelia Pollard

“In early July, President Biden issued a groundbreaking executive order designed to promote competition in the U.S. economy. It was seen as the greatest challenge to the dominance of concentrated power in a generation. During the announcement in the White House’s ornate State Dining Room, Biden sought to inoculate himself from criticism that he was bent on tearing down executive suites and ushering in an age of Marxism in America. ‘Now, look, I’m a proud capitalist,’ he told reporters. ‘I spent most of my career representing the corporate state of Delaware.’ What does that corporate state look like? Not much, from the vantage point of its largest city, Wilmington. Driving along Lancaster Avenue toward downtown, row after row of red-brick buildings subtly shift from low-income townhouses to corporate offices. There’s a waterfront skyline, but it’s modest, making Wilmington look like Philadelphia’s baby sister.” (10/04/21)

https://prospect.org/power/corporate-state-of-delaware/