Apple’s CEO Tim Cook — Serf Labor, Overpriced iPhones, and Wasted Burning Profits by Ralph Nader

cwg_corporate

Image by nocwg2010 via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page, Aug. 7, 2018
August 9, 2018

The New York Times screamed its headline — “In 1997, Apple was 90 Days from Going Broke. On Thursday [Aug. 2, 2018], it became the first publicly traded American company to be valued at… $1,000,000,000,000.” The first trillion dollar company!

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“Creating Wealth” through Debt: The West’s Finance-Capitalist Road by Michael Hudson

Swimming With the Debt Sharks

Image by Truthout.org via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 2, 2018
May 7, 2018

Peking University, School of Marxist Studies
May 5-6, 2018

Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living and doing business. That is the main reason why they are losing their export markets and becoming de-industrialized.

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Slashing and Burning In Every Direction by Ralph Nader

#occupyboston

Image by Chase Elliott Clark via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
December 6, 2017

Have the Republican greed-hound toadies gone too far? How much are the American people going to take before they replace the reckless Republicans in the next election? Low and middle-income Americans are bracing for the likely passage of a Trump-supported tax bill that deviously redistributes even more of the people’s income to the richest one percent (including a big tax cut for Trump) and the unpatriotic giant corporations.

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The Censorious Vortex of the “Flash News” Barons by Ralph Nader

Breaking News

Image by Thomas Hawk via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
September 20, 2017

For decades, the factors that decided what noteworthy stories would not find their way into print or on the air came down to the media’s ignorance, laziness or from advertising restraints. How else can one explain the many years that passed before the tobacco, auto and junk food industries became the subject of regular consumer reporting? For too long, the explosive material for good journalism in these and other areas had remained hidden in plain sight.

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Destructive Stock Buybacks—That You Pay For by Ralph Nader

cwg_corporate

Image by nocwg2010 via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
September 13, 2017

The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined unlawful ‘stock manipulation’ to exclude stock buybacks.

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Vanishing the People’s Wealth to Make the Bosses Richer by Ralph Nader

Street Art heidelberg Juni 2013 (9)

Image by liborius via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page, July 11, 2016
July 14, 2016

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 other shareholders are the owners of the company, you’d likely say “give us back our money in cash dividends.”

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Paying for Single Payer Health Care with a Financial Tax by Jack Rasmus

Single payer healthcare now!

Image by David Drexler via Flickr

Dandelion Salad

by Jack Rasmus
TeleSUR, March 31, 2016
JackRamus, April 1, 2016
April 2, 2016

As U.S. presidential candidate Bernie Sanders has gained momentum in the presidential primaries, the attacks on his proposed economic programs have grown proportionally.

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The Downsides of Cheap Abundance by Ralph Nader

Never Let Me Go

Image by KROCKY MESHKIN via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
October 22, 2015

In college, Economics 101 is often described as the social science discipline that deals with the production, distribution and consumption of goods and services. MIT Economist Paul Samuelson liked to focus on scarcity, or more specifically, the allocation of scarce resources. “Abundance” was always a pretty word with an idyllic connotation for Professor Samuelson. I often wonder why there weren’t a few classes about the real-life consequences of abundance, along with scarcity and people’s material welfare.

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Michael Hudson: Corporate Buybacks Behind the Market Crash

Mission St. Grafitti

Image by zemistor via Flickr

Updated: Aug. 25, 2015

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
August 25, 2015

TheRealNews on Aug 24, 2015

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.

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Richard D. Wolff: The Coming Crash and The Recession That Never Ended

Black Friday Chicagoland 2013!

Image by Bob Simpson via Flickr

Dandelion Salad

with

The Big Picture RT  on May 28, 2015

Thom discusses the state of the U.S. and world economies with economist and author Richard Wolff in tonight’s special hour-long discussion.

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Letter to Boeing’s Boss: Squeezing Workers for Corporate Welfare by Ralph Nader

Dandelion Salad

by Ralph Nader
The Nader Page
December 26, 2013

Uncle Santa

Image by DonkeyHotey via Flickr

Jim McNerney, CEO
The Boeing Company
100 North Riverside
Chicago, IL 60606

Dear Mr. McNerney:

The squeeze that you and Boeing are putting on your machinist workers’ pensions, pay scales and your stance on other labor issues regarding the assembling of the new 777X airliners is unseemly for several reasons.

First, consider your pay this year of $21.1 million, a 15 percent increase from the previous year, and much higher than your predecessors. Continue reading

The Wild and Cruel Gap Between Debtors and Creditors by Ralph Nader

DSC_8882

Image by Dean.Chahim via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
December 13, 2013

The word “inequality” is much in vogue these days. We hear almost daily about the inequality of wealth, income and wages between the richest top 2 or 3 percent of people and the majority of the country’s wage earners. But not much attention is given and not many marches and other protests are addressing the huge inequalities between creditors and debtors.

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Financial Predators v. Labor, Industry and Democracy by Michael Hudson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
August 2, 2012

Europe’s sovereign debt crisis in historical perspective
Sankt Georgen University, Frankfurt, June 22, 2012

The Eurozone lacks a central bank to do what most central banks are supposed to do: finance government deficits. To make matters worse, the Lisbon Agreement limits these deficits to 3% – too small to pull economies out of depression by offsetting private-sector debt deflation.

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Productivity, The Miracle of Compound Interest and Poverty by Michael Hudson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
April 22, 2012

Capitalism

Image by rstrawser via Flickr

This is a re-working of my second talk at the Rimini MMT conference, as heard on Guns and Butter.

Suppose you were alive back in 1945 and were told about all the new technology that would be invented between then and now: the computers and internet, mobile phones and other consumer electronics, faster and cheaper air travel, super trains and even outer space exploration, higher gas mileage on the ground, plastics, medical breakthroughs and science in general. Continue reading

MMT (Modern Monetary Theory) as an ECB (European Central Bank) Alternative by Michael Hudson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
February 27, 2012

2,181 Italians pack a Sports Arena to learn Modern Monetary Theory:
The Economy doesn’t Need to suffer Neoliberal Austerity

I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to lecture for three days on Modern Monetary Theory (MMT) and explain why Europe is in such monetary trouble today – and to show that there is an alternative, that the enforced austerity for the 99% and vast wealth grab by the 1% is not a force of nature.

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