FacebookTwitterGoogle+RedditEmail

Will Nader’s Warning be Acknowledged in the Presidential Debates?

There was a time when a good citizen, who blew the whistle on an impending crime, or a crime in progress, would get a bit of public praise and recognition, perhaps, a picture in the paper or an interview, a handshake from a public official, and a chance to say why he or she had seen a crime coming which others had missed and had been impelled to speak out.

Last July 2nd, in Counterpunch, Ralph Nader described a robbery about to happen and blew the whistle. In “Economic Domino Theory, Greed without Accountability,” Nader warned readers that Americans were about to be robbed of the future value of their dollars by financial institutions, corporations, both unregulated and out of control. Here is an excerpt:

“Today, there is no real momentum in a frozen Washington, D.C. to bring regulation up to date. To the contrary, in 1999, Congress led by Senator McCain’s Advisor, former Senator Phil Gramm and the Clinton Administration led by Robert Rubin, Secretary of the Treasury, and soon to join Citibank,(ed note: and, later, the Obama campaign as its financial advisor) de-regulated and ended the wall between investment banks and commercial banking known as the Glass-Steagall Act.
Clinton and Congress opened the floodgates to rampant speculation without even requiring necessary and timely disclosures for the benefit of institutional and individual investors.

Now the entire U.S. economy is at risk. The domino theory is getting less theoretical daily. Without investors obtaining more legal authority as owners over their out of control company officers and Boards of Directors, and without strong regulation, corporate capitalism cannot be saved from its toxic combination of endless greed and maximum power—without responsibility.

Uncle Sam, the deeply deficit ridden bailout man, may have another taxpayers-to-the-rescue operation for Wall Street. But don’t count on stretching the American dollar much more without devastating consequences to and from global financial markets in full panic.

Consider the U.S. dollar like an elastic band. You can keep stretching this rubber band but suddenly it BREAKS. Our country needs action NOW from Washington, D.C.”

As you read Ralph Nader’s July 2nd warning, perhaps for the first time, the terms of the largest bankers’ robbery of America’s wealth are being hammered out by the bankers and those who neglected to regulate them. Nader’s call to action was not picked up by major media. Censorship of Nader is not too strong a word. But that the crime is occurring before our eyes and that its impact will be massive and long-lasting is now certain.

In their public statements, the two major party Presidential candidates and their corporate advisors scramble to avoid blame. On Friday next, these two candidates will debate. The good citizen who warned of the impending crime, (who is also a Presidential candidate), has not been invited. According to the debate commission, funded by the two major parties, the rules don’t allow it. But, given his uniquely prescient warning to America, shouldn’t he be allowed to say a few words about the crime?

Perhaps Nader could explain how he saw the crime unfolding and leave it to candidates Obama and McCain to explain why they didn’t. Or, more importantly, Obama and McCain could explain how each proposes to deal with its aftermath. While they missed predicting the crime, as Nader did not, they can now predict its impact on us and on future generations of Americans.

This small involvement for Nader in the scheduled national debates would amount to a small reward for Nader and, perhaps, an incentive for other citizens to speak up when they see crimes about to happen, be they street crimes or corporate. What a pleasant return to the civil habits of yesteryear when citizen whistleblowers were admired and not ignored?

STEVE CONN is a retired professor of justice at the University of Alaska, and former director of Alaska Public Interest Research Group. He lived in Alaska from 1972 to 2007 and is now based in Point Roberts, Wash. He recently helped collect more than 5,900 signatures from Alaskan voters to put Ralph Nader on the 2008 Alaska Presidential ballot. He can be reached at: steveconn@hotmail.com.

 

Your Ad Here
 

 

 

 

More articles by:

December 10, 2018
Jacques R. Pauwels
Foreign Interventions in Revolutionary Russia
Richard Klin
The Disasters of War
Katie Fite
Rebranding Bundy
Gary Olson
A Few Thoughts on Politics and Personal Identity
Patrick Cockburn
Brexit Britain’s Crisis of Self-Confidence Will Only End in Tears and Rising Nationalism
Andrew Moss
Undocumented Citizen
Dean Baker
Trump and China: Going With Patent Holders Against Workers
Lawrence Wittner
Reviving the Nuclear Disarmament Movement: a Practical Proposal
Dan Siegel
Thoughts on the 2018 Elections and Beyond
Thomas Knapp
Election 2020: I Can Smell the Dumpster Fires Already
Weekend Edition
December 07, 2018
Friday - Sunday
Steve Hendricks
What If We Just Buy Off Big Fossil Fuel? A Novel Plan to Mitigate the Climate Calamity
Jeffrey St. Clair
Cancer as Weapon: Poppy Bush’s Radioactive War on Iraq
Paul Street
The McCain and Bush Death Tours: Establishment Rituals in How to be a Proper Ruler
Jason Hirthler
Laws of the Jungle: The Free Market and the Continuity of Change
Ajamu Baraka
The Universal Declaration of Human Rights at 70: Time to De-Colonize Human Rights!
Andrew Levine
Thoughts on Strategy for a Left Opposition
Jennifer Matsui
Dead of Night Redux: A Zombie Rises, A Spook Falls
Rob Urie
Degrowth: Toward a Green Revolution
Binoy Kampmark
The Bomb that Did Not Detonate: Julian Assange, Manafort and The Guardian
Robert Hunziker
The Deathly Insect Dilemma
Robert Fisk
Spare Me the American Tears for the Murder of Jamal Khashoggi
Joseph Natoli
Tribal Justice
Ron Jacobs
Getting Pushed Off the Capitalist Cliff
Macdonald Stainsby
Unist’ot’en Camp is Under Threat in Northern Canada
Senator Tom Harkin
Questions for Vice-President Bush on Posada Carriles
W. T. Whitney
Two Years and Colombia’s Peace Agreement is in Shreds
Ron Jacobs
Getting Pushed Off the Capitalist Cliff
Ramzy Baroud
The Conspiracy Against Refugees
David Rosen
The Swamp Stinks: Trump & Washington’s Rot
Raouf Halaby
Wall-to-Wall Whitewashing
Daniel Falcone
Noam Chomsky Turns 90
Dean Baker
An Inverted Bond Yield Curve: Is a Recession Coming?
Nick Pemberton
The Case For Chuck Mertz (Not Noam Chomsky) as America’s Leading Intellectual
Ralph Nader
New Book about Ethics and Whistleblowing for Engineers Affects Us All!
Dan Kovalik
The Return of the Nicaraguan Contras, and the Rise of the Pro-Contra Left
Jeremy Kuzmarov
Exposing the Crimes of the CIAs Fair-Haired Boy, Paul Kagame, and the Rwandan Patriotic Front
Jasmine Aguilera
Lessons From South of the Border
Manuel García, Jr.
A Formula for U.S. Election Outcomes
Sam Pizzigati
Drug Company Execs Make Millions Misleading Cancer Patients. Here’s One Way to Stop Them
Kollibri terre Sonnenblume
Agriculture as Wrong Turn
James McEnteer
And That’s The Way It Is: Essential Journalism Books of 2018
Chris Gilbert
Biplav’s Communist Party of Nepal on the Move: Dispatch by a Far-Flung Bolivarian
Judith Deutsch
Siloed Thinking, Climate, and Disposable People: COP 24 and Our Discontent
Jill Richardson
Republicans Don’t Want Your Vote to Count
John Feffer
‘Get Me Outta Here’: Trump Turns the G20 into the G19
FacebookTwitterGoogle+RedditEmail