“Profit? Fiscal year? Tsk! Tsk! Tsk! Beware, my dear Zilkov. The virus of capitalism is highly infectious. Soon you’ll be lending money out at interest!” – Dr. Yen Lo, The Manchurian Candidate
The Capital Times was founded because the Wisconsin State Journal wasn’t left-leaning enough. Yes, wee know, that’s hard to picture, but that’s The Capital Times story and they’re sticking with it.
The newspaper was born in 1917 after the business manager of the Wisconsin State Journal, William T. Evjue, resigned over the paper’s increasingly strident attacks against U.S. Sen. Robert “Fighting Bob” La Follette to create The Capital Times. As governor, later a senator and the founder of Wisconsin’s progressive movement, La Follette established a reputation as a champion of the underprivileged and an opponent of powerful business interests, but he came under attack like never before for his opposition to U.S. involvement in World War I.
Of course, The Capital Times supported the war anyway, as they remind us, but they were the good progressive newspaper. Just ask, Editor Emeritus Dave Zweifel, wrote in his “Plain Talk” column in June:
As the founder of this paper, William T. Evjue, would often lament in his column years ago, “The trend toward the concentration of financial, economic, political and military power continues. Are we headed for a dictatorship of wealth?”
If Mr. Evjue only knew what’s going on today.
As readers of The Capital Times, we often ask the same question, “If Mr. Evjue only knew…”
We had some fun recently perusing The Capital Times’ 2015 IRS 990 form for the Evjue Charitable Trust. We were shocked, shocked to find capitalism going on there.
And we mean capitalism, starting with the granddaddy of them all, JP Morgan Chase & Co., founded by the great robber baron himself, JP Morgan. Old Evjue and Fighting Bob must be spinning in their graves faster than a high-speed Dremel Rotary Tool.
That was hardly the only investment that made us chuckle. The Capital Times may have been against war profiteers during World War I, but they’re investors in Halliburton, General Electric, and Raytheon now. And they love Big Oil, investing in Exxon Mobil and Royal Dutch Shell. They’re even invested in Phillip Morris and McDonalds for some healthy cash.
And for a relaxing Cap Times, they make it Suntory time.
There are also investments in drug companies, Amazon, Facebook, AT&T, Microsoft, Johnson & Johnson, Wal-Mart Stores, and even Union Pacific Corp. You know, all those small mom & pop companies struggling to make their way in a brutal capitalist society.
Our favorite investment is in Tiffany & Co. Nothing says progressive values like being the Tiffany news company in Madison.
Associate Editor John Nichols recently wrote a column saying how socialists are free to be socialists again. The proof was the popularity of Senator Bernie Sanders 2016 campaign.
“His presidential candidacy confirmed the appeal of such a politics in a 21st century that has been characterized by rampant inequality and the corrupt excesses of crony capitalism,” Nichols wrote, in a publication fueled by wealth inequality and the corrupt excesses of crony capitalism.