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Tuesday
26Feb

Nader's Morality

From "Ralph Nader: It's Not All About Winning" in the Balitmore Sun:

His vision of the challenge ahead: “It’s basically to free the free market from the corporate destruction of capitalism. These giant corporations violate the rules of capitalism, which is: if you own it, you should control it. And millions of investors own these corporations, they’re shut out, they can’t do anything about management no matter how crooked or incompetent or bungling they are.

“The second rule of capitalism is: If you’re about to fail, you have the freedom to fail. That’s what small businesses do… go bankrupt, but big business goes to Washington, like Citibank and all these other companies that go in a variety of ways to be bailed out by the U.S. tax payer via Uncle Sam. So, that’s why I think we have to make a distinction between giant corporations and small business….giant corporations use political power to disadvantage smaller competitors…’’

Nader is right. But will anyone listen? 


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