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JP Morgan Hearts The NYPD

By Matthew Yglesias on October 2, 2011 at 2:02 pm

"JP Morgan Hearts The NYPD"

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Via Neil Sinhababu, this looks like a well-timed investment as direct action protests against banks gain steam:

JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center.

New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing “profound gratitude” for the company’s donation.

To my way of thinking, this is a healthy dynamic. I’m not a radical anti-capitalist. But something you saw during the Cold War was that the possibility of radical anti-capitalists taking over helped create incentives for the business class to ensure that the “free world” organized market economies in a way that was broadly beneficial.

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