Political capital

They do, but they just don't normally articulate it because they think it's a given.

But it's not their political capital on the line.

This is the challenge in politics.

Politics is a rough business in that sense.

And what

about the other direction where you're looking at political policies and moves that you make a decision to go on.

You put your political capital into because there's the public will behind it.

It's a hot topic.

They've got 40%.

Interestingly, the company with the biggest share is Israeli, which makes peculiar why Netanyahu jumped on Trump's bandwagon in terms of recognizing Argentina's right to the Falklands, which again was about exploiting political capital for a short period of time.

Netanyahu was angry with Britain's stance over the settlers.

And so he was as inclined, as irrelevant as it is, he was as inclined as Trump to come down, support Miley.

Well, we shall see on that score.

Maybe then if you think it's fraught for Burnham, maybe the same question in the inverse.

Is there political capital in this for Kemi? Do you think Kemi can pull off the sort of the tough guy look? Certainly pulls off the head girl

look.

The deals, the oil deal, especially who signed the oil deal, and also how Maria Corina Machado has been sidelined.

having she, Machado, by far the most, the biggest political capital in the country.

She basically owns the political capital in Venezuela amongst the people between mid-60s to even mid-70s.

So three quarters of the political capital is owned by Maria Corina Machado.

So if you sideline Machado, you are sidelining the political will, the mandate of Machado.

two-thirds, three-quarters of the Venezuelan people.

Mr. Trump had managed to pull off one of the biggest comebacks in US political history, and win the presidential election which he'd lost to Joe Biden in 2020.

The Republican Party had also secured both the House and the Senate, but that political capital is now seriously eroded, and a lot of it is of Trump's own making.

Americans are not happy with the cost of living.

Inflation is high in the US, and some of that is due to Mr. Trump's trade war with most of the world.

Public officials are incentivized to prioritize the job security and bureaucratic expansion of the union over the educational outcomes of the citizens they are elected to serve.

Dues as Political Capital The legal architecture of this monopoly was built upon a profound constitutional paradox.

For decades, public sector unions operated under the 1977 Supreme Court precedent, Abood v. Detroit Board of Education, which allowed them to compel non-union public employees to pay mandatory agency fees for collective bargaining.

While the law technically prohibited using these mandatory fees for direct political campaigns, the distinction was a legal fiction.

Second, extreme tenure protections make removing an incompetent teacher a ruinous, multi-year bureaucratic nightmare.

This dynamic disproportionately harms lower-income black neighborhoods, where failing teachers are routinely shuffled through a dance of the lemons rather than dismissed.

Most destructively, the union monopoly has used its political capital to aggressively crush the school choice movement.

By lobbying for strict statutory caps or outright bans on independent public charter schools and universal vouchers, the union apparatus denies working class black parents the basic exit options that wealthy white elites take for granted.

Thanks for having us.

To kick off, when you hear the phrase social licence and political capital, what do these concepts actually mean in practice for private enterprises and family businesses today? Josh, can we start with you?

Sure.

So social license is something that's often underrated and undervalued until it's really missed or needed.

If I walk into your shop or your premises or your building or transact with the family or the business in some way, I really need to feel that as well and get that emotional connection to it for it to be authentic and for it to work in that value.

Thanks, Josh.

When looking at political capital, we're not necessarily talking about politics.

What does healthy political capital look like in practice? Connor, can we start with you?