Ralph engages in a spirited back and forth with Matt Stoller of the Open Markets Institute about corporate power and how Facebook must be restructured. Plus, Ralph answers listener questions about vaccines, the Boeing Max 8 and has some strong words about Apple buying back 75 billion dollars of its own stock.
Matt Stoller is a fellow at the Open Markets Institute, who is currently writing a book on monopoly power in the 20th century. Previously, he was a Senior Policy Advisor and Budget Analyst to the Senate Budget Committee. And he is the co-author of the recent article published in The Guardian entitled: Facebook Must Be Restructured: The FTC Should Take These Nine Steps Now.
“The problem with Facebook is that we’ve centralized this important form of communication – social networking – for basically the entire world in the hands of one company and one small group of people. And that’s catastrophic.”
Matt Stoller of the Open Markets Institute
“There’ve been $7 trillion in stock buybacks in the last ten years by major U.S. corporations, who having gotten a huge tax break for bringing their profits from abroad back to Washington – compliments of Trump and the Republicans – are now burning it instead of what they promised they would do, which was invest ‘in productive facilities and jobs.’ Just another corporate betrayal of Congress. And what do they care? They get away with it.”
Ralph Nader on Apple buying back another 75 billion of its own stock.