Corporate (Ir)Responsibility (Part II): Deregulation and Catastrophe.

Apr 30, 2021

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We briefly recap what we covered in Part I as a refresher then launch into some of the more egregious examples of how corporations have used their political leverage to create massive tax loopholes and that have left them flush with cash. This preposterous sum of cash has also given corporations the ability to flout regulations they have yet to rewrite by simply paying fines instead of complying with the law. For the first time we also hear directly from this show’s dead nemesis, Milton Friedman, to understand how contributed to the scaffolding around the corporate wall of fuckery that helped corporate America wage war on the consumer. We conclude with a warning about e-commerce giant Amazon and highlight critical changes that must be made to our system of regulations and taxation to take back some of the power corporations have gained over the past fifty years.

Show Notes:

Pod Love

Useful Idiots- David Sirota on the SALT Tax Cap, Plus: Is Biden Really the new FDR? https://open.spotify.com/episode/56YGPgcvSacHi45266ZABR?si=h7iLcO8lSU6QVV_od9aS5Q&nd=1

Best of the Left- #1414 Go Home and Go Big (Infrastructure Investment, Jobs and Climate Mitigation) https://open.spotify.com/episode/1rdqVp9vIJVG10ERHNRQ7m?si=2YqmjDCEQh6FfBZNefNDGQ

Book Love

Matt Taibbi- Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History https://bookshop.org/a/23377/9780385529969

Jane Mayer- Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right https://bookshop.org/a/23377/9780307947901

Zachary D. Carter- The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes https://bookshop.org/a/23377/9780525509035

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