FacebookTwitterGoogle+RedditEmail

Taming the Giant Corporation

by RALPH NADER

 

Back in the nineteen thirties, President Franklin Delano Roosevelt went on the national radio and declared what the basic necessities were for the American people–a wage that can support a family, decent housing, the right to health care, a good education and future economic security.

Sound familiar today? It certainly would sound familiar to a majority of the American people. The struggle for livelihood, the struggles to escape poverty, calamitous health care bills, mounting debt, gouging rents and failing, crumbling schools continues year after year.

What’s that French saying–“the more things change, they remain the same.”

Things have changed for the rich and corporate, though. The rich have gotten richer. The talk now is about the super-rich and the hyper-rich. The richest 1 percent of people in this country has financial wealth equal to the combined financial wealth of the bottom 95 percent.

The big corporations are more avaricious than ever. The past decade’s corporate crime wave, dutifully reported in the major business media-newspapers and magazines-demonstrates how trillions of dollars were looted, or drained away, from tens of millions of small investors, pensioners and workers.

In FDR’s time, the CEOs of the top 300 corporations paid themselves about 12 times the average wage in their company. Now the “top greed” registers 400 to 500 times what the average workers eke out in a full year. WalMart is an example of that sheer self-serving power at the top.

All this is occurring while the big companies deliver comparatively far less to the economic well-being of the American worker. The CEOs are otherwise preoccupied with figuring out how they can outsource more American jobs to China and India, how they can hollow out more communities and ship whole industries to those and other countries, many under authoritarian rule, that promise to keep the CEOs’ operations at costs close to serfdom.

Interesting, isn’t it, that the CEOs say it is necessary to flee our country-where they were nurtured to their size and profits-in order to keep up with global competition. But they never urge outsourcing their own CEO jobs to hardworking, bilingual executives in the Third World willing to work for less than one-tenth of the U.S. CEOs’ pay package.

Besides, who wrote the rules (NAFTA, WTO) that define the global competition? Big Business and its lawyer-lobbyists.

Uncle Sam has bent over to give Big Business what it has demanded in the past 25 years. Huge tax reductions, compared to the prosperous nineteen sixties. Massive deregulation, or the abandonment of law and order against criminal, negligent or defrauding corporations. Your tax dollars were transferred in the form of subsidies, handouts, giveaways and bailouts to demanding, mismanaged or corrupt large businesses.

Still, it was not enough coddling to keep these giant companies from casting aside what allegiance they had to our country, its communities and people. The companies’ standard is to control them or quit them as these CEOs see fit.

When BusinessWeek Magazine answered a resounding YES to its cover story in 2000 “Too Much Corporate Power?” the editors were not kidding. They even wrote an editorial saying that “corporations should get out of politics.” I guess they meant that since corporations do not vote, and are not human beings, that they should not be honing in on what should be the exclusive domain of real people.

More and more conservatives believe that Big Business (Wall Street vs. Main Street) is out of control and stomping on conservative values. They don’t like corporate welfare, corporate eminent domain against the little guys, commercial invasion of privacies, WTO and NAFTA shredding our sovereignty, corporate crimes (Enron, Worldcom, etc.) or Big Government on behalf of Big Business Empires around the world.

They are appalled by corporations directly selling bad things and violent programming to their children, whom these companies teach to nag parents.

It is time for the American people to get off the defense and take the offense against corporate power, the way it was done in the consumer, environmental and worker areas from 1965 to 1975 and beyond to new frontiers of subordinating the big corporations to the rights and necessities of real people.

Toward those objectives, hundreds of leading advocates, scholars and activists will convene on June 8-10 in Washington, D.C. to address how to subordinate raw corporate power to the will of the people.

The title of the conference tells its content: “Taming the Giant Corporation: A National Conference on Corporate Accountability.”

Conference speakers include: U.S. Senator Bernie Sanders (I-VT), Democracy Now’s Amy Goodman; Robert Monks, veteran leader for corporate governance; Mark Green, president, Air America Radio; Robert Greenstein, Director of the Center on Budget and Policy Priorities; Ron Daniels, President of Institute of the Black World in the 21st Century; Dr. Sidney Wolfe and Lori Wallach of Public Citizen and many more distinguished persons.

If you wish to attend the entire conference, including the Saturday evening dinner, go to www.tamethecorporation.org for details or call 202-387-8030. Hurry up. Space is available but seating is limited.

RALPH NADER is the author of The Seventeen Traditions

 

 

Ralph Nader is a consumer advocate, lawyer and author of Only the Super-Rich Can Save Us! 

More articles by:

CounterPunch Magazine

minimag-edit

bernie-the-sandernistas-cover-344x550

zen economics

Weekend Edition
December 09, 2016
Friday - Sunday
Jeffrey St. Clair
Roaming Charges: Nasty As They Wanna Be
Henry Giroux
Trump’s Second Gilded Age: Overcoming the Rule of Billionaires and Militarists
Andrew Levine
Trump’s Chumps: Victims of the Old Bait and Switch
Erin McCarley
American Nazis and the Fight for US History
Lewis Lapham
Hostile Takeover
Joshua Frank
This Week at CounterPunch: More Hollow Smears and Baseless Accusations
Paul Street
The Democrats Do Their Job, Again
Vijay Prashad
The Cuban Revolution: Defying Imperialism From Its Backyard
Michael Hudson - Sharmini Peries
Orwellian Economics
Mark Ames
The Anonymous Blacklist Promoted by the Washington Post Has Apparent Ties to Ukrainian Fascism and CIA Spying
Conn Hallinan
India & Pakistan: the Unthinkable
Andrew Smolski
Third Coast Pillory: Nativism on the Left – A Realer Smith
Joshua Sperber
Trump in the Age of Identity Politics
Brandy Baker
Jill Stein Sees Russia From Her House
Katheryne Schulz
Report from Santiago de Cuba: Celebrating Fidel’s Rebellious Life
Nelson Valdes
Fidel and the Good People
Norman Solomon
McCarthy’s Smiling Ghost: Democrats Point the Finger at Russia
Renee Parsons
The Snowflake Nation and Trump on Immigration
Margaret Kimberley
Black Fear of Trump
Michael J. Sainato
A Pruitt Running Through It: Trump Kills Nearly Useless EPA With Nomination of Oil Industry Hack
Ron Jacobs
Surviving Hate and Death—The AIDS Crisis in 1980s USA
David Swanson
Virginia’s Constitution Needs Improving
Louis Proyect
Narcos and the Story of Colombia’s Unhappiness
Paul Atwood
War Has Been, is, and Will be the American Way of Life…Unless?
John Wight
Syria and the Bodyguard of Lies
Richard Hardigan
Anti-Semitism Awareness Act: Senate Bill Criminalizes Criticism of Israel
Kathy Kelly
See How We Live
David Macaray
Trump Picks his Secretary of Labor. Ho-Hum.
Howard Lisnoff
Interview with a Political Organizer
Yves Engler
BDS and Anti-Semitism
Martha Durkee-Neuman
Millennial Organizers Want to See An Intersectional Understanding Of Gun Violence
Adam Parsons
Home Truths About the Climate Emergency
Brian Cloughley
The Decline and Fall of Britain
Eamonn Fingleton
U.S. China Policy: Is Obama Schizoid?
Graham Peebles
Worldwide Air Pollution is Making us Ill
Joseph Natoli
Fake News is Subjective?
Andre Vltchek
Tough-Talking Philippine President Duterte
Binoy Kampmark
Total Surveillance: Snooping in the United Kingdom
Guillermo R. Gil
Vivirse la película: Willful Opposition to the Fiscal Control Board in Puerto Rico
Patrick Bond
South Africa’s Junk Credit Rating was Avoided, But at the Cost of Junk Analysis
Clancy Sigal
Investigate the Protesters! A Trial Balloon Filled With Poison Gas
Charles R. Larson
Review:  Helon Habila’s The Chibok Girls: the Boko Haram Kidnappings and Islamist Militancy in Nigeria
December 08, 2016
John W. Whitehead
Power to the People: John Lennon’s Legacy Lives On
Mike Whitney
Rolling Back the Empire: Washington’s Proxy-Army Faces Decisive Defeat in Aleppo
Ellen Brown
“We’ll Look at Everything:” More Thoughts on Trump’s $1 Trillion Infrastructure Plan
FacebookTwitterGoogle+RedditEmail