MSNBC's Joe Scarborough warned business elites that a second Donald Trump presidency would endanger their profit margins.
The "Morning Joe" host waxed poetic about American capitalism, saying it had lifted more people out of poverty than any other economic system in history, but he said the former president had made clear he wanted to gather autocratic powers to reward loyalists and punish his enemies.
"If you believe in American capitalism, you should be worried about Donald Trump being elected," Scarborough said. "We always talk about democracy. We always talk about democracy, about Madisonian democracy, which is under threat."
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"I will tell you, I grew up a conservative, I know you didn't," Scarborough told panelist Donny Deutsch, "but what we conservatives believe is in less government, less power concentrated [in] the imperial presidency, less power concentrated in Washington, D.C. Here you have Donald Trump saying, 'I'm going to take all of the power into my office, I'm going to control the Fed, I'm going to control the FCC, I'm going to control the Justice Department, I'm going to control everything that I can control within the Oval Office.' That is the antithesis of Madisonian democracy, it is the antithesis of checks and balances, as laid out in the United States Constitution. What that should do is worry CEOs, it should worry entrepreneurs, that should worry capitalists, because that's what you get in corrupt nations where you have a strong man who picks winners and losers."
"That's when competition, that's when the free market, that's when the invisible hand is slapped by the autocrat running the state," Scarborough added. "That's when capitalism loses."
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