I’m not dismissing it. That’s the complete opposite of what I’m saying.
I’m saying you lost THAT battle decades ago and as a result of losing it decades ago a compliant that makes nothing and sells nothing can be worth more than General Motors.
With an equation that skewed, all the Left needs to do is wait for Wall Street spivs to devalue a viable American brand, as they always end up doing eventually, buy it up in the fire sale, and bingo.
Or, they can start a tech business in a garage and end up richer than Midas without hiring any more than a dozen American workers. Move the company registration to the state which is regulated the least, and get even richer. Within 15 years you’ve gone from a jobbing inventor to an influencer of governments with factories in China. Just look at James Dyson.
… Corporations grow on every hand, and on every hand not only swallow and overawe individuals but also compete with governments.The contest is no longer between government and individuals; it is now between government and dangerous combinations and individuals. Here is a monstrously changed aspect of the social world. In face of such circumstances, must not government lay aside all timid scruple and boldly make itself an agency for social reform as well as for political control? ‘Yes,’ says the democrat, ‘perhaps it must. You know it is my principle, no less than yours, that every man shall have an equal chance with every other man: if I saw my way to it as a practical politician, I should be willing to go farther and superintend every man’s use of his chance. But the means? The question with me is not whether the community has power to act as it may please in these matters, but how it can act with practical advantage—a question of policy.’ A question of policy primarily, but also a question of organization, that is to say of administration.One of the first manifestations of what you describe, in the USA, is what the federal and state governments did to private railroads via regulation and taxation. (And Wilson, during WWI, federalized the railroads, reluctantly returning them to the private sector afterwards. And as you can see, he wanted to also make “corporations” the bogeyman by which to increase governmental power.)