Facebook Must Be Restructured
Ralph Nader Radio Hour
Ralph Nader
4.8 • 1.1K Ratings
🗓️ 4 May 2019
⏱️ 65 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | From the K-P-F-K Studios in Southern California, |
| 0:03.6 | it's the Ralph Nader Radio Hour. |
| 0:05.7 | Stand up, stand up. |
| 0:07.8 | You've been sitting great to long. Welcome to the Ralph Nader Radio Hour. My name is Steve Scrove Analog with my co-host |
| 0:19.5 | David Feldman. Hello David, how are you? Good morning everybody. |
| 0:23.0 | And we have the man of the hour, Ralph Nader. |
| 0:25.0 | Hello, Ralph. |
| 0:26.0 | Hey, this is going to be a great show. |
| 0:28.0 | We're going to have a lot of questions from you. |
| 0:30.0 | Yes. |
| 0:31.0 | On the show today, we welcome Matt Stoller from the Open Markets Institute. |
| 0:35.0 | You'll hear a lot from business people who will extol the virtues of the free market. |
| 0:40.0 | Of course we all know that the free market is a fiction like Santa Claus. |
| 0:44.0 | I guess it should just a spoiler alert like that. |
| 0:47.0 | Thanks. |
| 0:48.0 | Sorry David. I don't know if it's the free market or Santa Claus that I've been spoiled for you, but I know somewhere Stephen Moore is crying. |
| 0:55.6 | My point is... |
| 0:56.6 | And so is his wife. |
| 0:58.8 | Yeah, my point is that like the Santa Claus fantasy, these free marketeers are devoted to keeping this fiction alive. |
| 1:05.1 | They preach that the free market is the engine of prosperity and the fuel of that engine is competition. |
| 1:11.1 | Yet in practice most of these same business people will do everything they can to stifle competition. |
| 1:17.0 | In reality, they actually hate competition. They want to monopolize the competition. |
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