Disney confesses: Its leftist politics damaged company, shareholders

Guests are increasingly letting Disney know that when they line up for that 14 dollar churro they don’t want to be fed leftist ideology as well.

In its annual report to the SEC, Disney acknowledges that “we face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products.”

Disney’s confession is “an implied nod” to Adam Smith, “the iconic figure behind the theory of free markets, or of what we have since come to call ‘capitalism,’ ” law professor Jonathan Turley wrote in a Nov. 25 op-ed for The Hill.

Smith would explain how the “invisible hand” of the market worked as people exercised their choices between certain products. It can shape economies and challenge whole governments.