Perhaps the election of Trump and the near-election of Sanders showed him and people like him that current economic practices were creating an unstable sociopolitical environment. It's in the best interest of the rich to keep people from revolting.
Edit: To those who are downvoting me, could you please explain why? If there's a flaw in my statement, I would love to learn it.
Or maybe Larry Summers just wrote this for the newspaper and having influential people like Summers on the bylines is good, regardless of what he writes? Why does it have to be a political thing for every op-ed writing? Bezos isn't hand-approving every single post.
> Why does it have to be a political thing for every op-ed writing?
You're right, but most media companies in the US pretty much act as spokespeople for one political wing or another. They are all generally very biased towards the direction of their donors or owners. I also find it interesting that no(or few) major media outlets were so against big business until this recent election cycle. Why else would the recent election cycle trigger discussion on the declining quality of life for the lower and middle classes?
Or perhaps I am just too pessimistic nowadays. That is why I appreciate the feedback on my comments.
>>They are all generally very biased towards the direction of their donors or owners.
Yes, I agree with that. But Larry Summers' article would have been welcome anywhere, probably even Fox News. He is accomplished like few others, and having him write for you is good no matter what. It is important to separate the cases indivdually.
>>I also find it interesting that no(or few) major media outlets were so against big business until this recent election cycle.
Cases like Uber help for sure, and the income gap is ever-widening. I think it's just a natural state of being. It couldn't last forever. An opinion of a significant number of Americans was that HRC/Trump offered us no real alternative in regards to labor/business reform, and the media is playing that up after the fact.
I don't think there is anything nefarious going on or anyone trying to get on the right side of history. I think in large part the media is reflecting what most Americans are feeling right now: Malaise.
(For the record I am upvoting you, I have no idea who is downvoting your posts.)
Edit: To those who are downvoting me, could you please explain why? If there's a flaw in my statement, I would love to learn it.