Author: Eduardo Rivera Santamaria

In business, there’s a phenomenon I’ve personally seen play out in more than one industry: competitors celebrating the departures of the opposing team as if that would solve their own underlying problem. This week, various sectors of the U.S. media and political establishment celebrated the departures from the White House as if four resignations would solve the problem they face at the polls in November. James Braid, the chief liaison to Congress, announced his resignation. Karoline Leavitt, the press secretary, had already done the same the previous week. Ed Martin, the pardon attorney, and Dave Warrington, the White House…

I’ve spent decades building businesses in this country, and one of the basic rules I’ve learned in the process is that people are judged by what they do with their own money, not by what they say about other people’s money. That rule—which is so fundamental in business that it’s almost embarrassing to write it down—turns out to be the exact point where the loudest socialist activism in the United States collapses under its own weight. The most prominent spokespeople for the movement that preaches against the accumulation of wealth live in homes that most Americans could not afford,…

My years of doing business in the United States have taught me to be wary of midterm popularity polls, because they have about as much predictive value as a weather forecast from three days ago. In recent weeks, Trump’s approval rating among the general public has remained at 39%, and that number is being circulated in the media as if it were a definitive verdict on the state of the Republican Party. Those who read that percentage without looking at what’s happening within the Republican electoral base are jumping to conclusions, because that base—which is what mobilizes votes in…