“Hollywood has never supported property rights as a general institution. It favors its own property, period. In terms of protecting land, or the right to make a living, or sunk investment capital, or anything else, Hollywood never met a progressive program of rapine and plunder that it would not support.”
BRAVO!, Mr. DeLong. The Hollyweird philosophy defined.
Although, I disagree with your final conclusion of “Why make your allies question your value?”
Because their values are already unquestioned. See: hollyweird philosophy.
Because people, especially politicians, have a short memory.
Because lots n lots of campaign money makes those memories even shorter.
Because power – whether Dem or Repub – loves attention & prestige. Hollyweird can provide both.
And Dodd had already proved to be a useful idiot for Hollyweird with the onerous Frank-Dodd financial regulation law. In that federal law, there was a special interest provision to kill the Hollywood Stock Exchange.
“Rich Jacobs, president of the Hollywood Stock Exchange, says that some studios wanted it killed because they didn’t want public discussion of their plans.
Quid pro quo.
A former congressman is always good to have on your payroll.
