In the Public Interest
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and…
Read MoreSamuel Johnson famously considered patriotism “the last refuge of a scoundrel.” His biographer James Boswell, who passed along that judgment, clarified that Johnson “did not mean a real and generous love for our country, but that pretended patriotism which so many, in all ages and countries, have made a cloak for self-interest.” This could be…
Read MoreBy Ralph Nader June 24, 2016 Politicians who limit the effectiveness of government agencies for short-term political advantages cheat taxpayers and short-change the government. I first met Congressman Jason Chaffetz (R-Utah), a brash young Republican, at a gathering of EPIC (Electronic Privacy Information Center), which challenges invasions of privacy by big business and government. Privacy…
Read MoreOur political economy – a wonderfully embracing phrase much used a century ago – has three main components: The electoral/governmental powers, the marketplace, and the civil society, which is composed of we the citizens. It is well known that when “we the people” get lax about our consumer rights and our voting choices, both the…
Read MoreFor thousands of years humans have defended themselves from harm by others. But many have proceeded to regularly harm themselves. They have actively searched for substances to ingest, inhale, inject and apply which may give them some immediate relief but damage or destroy their lives over time. Why do these humans so beat up on…
Read MoreDonald Trump brags about “branding” his political opponents. He repeatedly has called Marco Rubio “Little Marco,” Ted Cruz “Lyin’ Ted,” and Hillary Clinton, “Crooked Hillary.” Repetition makes these epithets stick – a lesson Trump has drawn from the advertising world and his own fragile ego. Astonishingly, his opponents have not successfully branded him – choosing…
Read MoreIn May of 1998 we held a conference dedicated to two Government-sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac. In my statement to that assembly, I noted that both corporations had been enjoying good times, but cautioned that one of the unintended consequences of fat profits over a long period is the tendency of…
Read MoreThe plain-spoken, public-spirited former Federal Communications Commissioner, Michael Copps, is indignant—and for good reason: The FCC is not enforcing the law requiring the “dark money” super PACs and other campaign cash conduits to reveal, on-the-air, the names of the real donors behind all political advertisements, which are now flooding the profitable radio and television airwaves.…
Read MoreBy Ralph Nader May 6, 2016 In 1961, President Kennedy’s Chairman of the Federal Communications Commission (FCC), Newton Minow described television as “a vast wasteland.” Perhaps nothing demonstrates that better these days than the rise of Donald J. Trump as a presidential candidate; now the presumptive Republican nominee. Trump’s boisterous carnival barker persona has dominated…
Read MoreSenator Bernie Sanders has come a long way without other people’s advice. The progressive lone ranger is now leading in the polls nationally as the preferred candidate to defeat Donald Trump—ahead of Hillary in that matchup. Now, however, Bernie Sanders is facing the verdict of closed primaries in many states which bar independent voters from…
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