It is exceedingly rare for a major congressional committee to hold hearings on “corporate greed” leading to corporate profiteering and surging prices on consumer goods. On April 5, 2022, Senate Budget Chairman, Senator Bernie Sanders (I-VT) chartered uncensored territory on corporate avarice with a lead witness, former Secretary of Labor, Robert Reich, now a professor at the University of California, Berkeley.
Although the hearing covered bread and butter issues, the mainstream corporate media ignored it. Massive coverage of the war in Ukraine does not offend advertisers, while the corporate war on consumers directly involves corporate advertisers.
Corporate greed takes hundreds of thousands of American lives every year (think the opioid disaster, the tobacco cancer business, the toxins in the air and water), not to mention injuries and illnesses stemming from corporations that put extra profit over concerns about public health and safety.
However, at the Senate hearing, Sanders chose to focus on the economic exploitation […]
“Under both Republican and Democratic administrations, the government’s abdication of antitrust enforcement – shaped by corporatist lobbying – allowed countless merger after merger in industry after industry to occur.” Ah, yes Ralph Nader has hit the nail on the head. The question is: what will be done about it?
Good question Albus Eddie.
Great article Stephan Schwartz.
It reminded me of Krysten Sinema, and her campaign promise to Arizona senior citizens, of lowering their prescription costs. Of course that was before she accepted hundreds of thousands from major pharma companies. Manchin, sleeping in the bed of coal profit, and Republicans sleeping with energy, or anything really – that waves a dollar in front of their snout. Political prostitutes in both parties swinging their chain under a lamp post for all to see.