I guess you had to be there, but by the time Nixon was elected, Johnson had already messed up so bad, Johnson didn't even want a second term. Nixon really believed he could win with honor. If a baby died or a mother caught on fire, a whole bombing campaign came to a halt. If Nixon made headway in Nam, some American city or school campus went up in smoke. The acid head hippy surfer dope smokers had already gone nuts and wanted America to fail. I guess the last straw was when Walter Cronkite went commie. When HE decided the war was lost, he had bad news every night at 6pm on CBS. It was a mess to watch America fall apart. Those same people now run business, government, and media.
As for business, I venture to say that entrepreneurs are not necessarily inclined to adopt the party line of these elites. But, as a rule, you make a good point.