As Tierney Sneed explains here, big corporations are lining up in opposition to the voter suppression law in Texas as many have been over the last couple weeks in response to the legislation in Georgia. This broader trend has spurred a generally insipid and perhaps offensive debate about whether corporate America is now “woke” as well as a more interesting question about whether we should applaud a system in which corporate America tries to exercise a veto over the political choices of state governments. (Remember, it may not always be laws you disagree with.) But apart from loaded questions this phenomenon is an illustration of a broader reality undergirding almost all American politics today, which is important to focus on.

Why are corporations doing this?