HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Trump’s Carrier deal could permanently damage American capitalism. Lawrence Summers, December 2, 2016, Opinion, "There are many aspects of the economic policy of the new administration that I find misguided. But I am most troubled by what President-elect Donald Trump did with Carrier to hold on to an extra 700 jobs in Indiana. Ronald Reagan’s response to the air traffic controllers’ strike was a small act that had profound consequences. I fear in a similar way that the negotiation with Carrier is a small thing that is actually a very big thing — a change very much for the worse with regards to the operating assumptions of American capitalism." Link