The Man Who Broke Capitalism
Ralph Nader Radio Hour
Ralph Nader
4.8 • 1.1K Ratings
🗓️ 23 July 2022
⏱️ 72 minutes
🧾️ Download transcript
Summary
That man is the late and lionized CEO of General Electric, Jack Welch, whose relentless pursuit of quarterly earnings and shareholder value at the exclusion of everything else influenced generations of CEOs and his approach could be the single biggest reason the U.S. finds itself in the precarious economic and political state it is. Ralph speaks with New York Times columnist, David Gelles, who wrote the book on Welch, “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America — and How to Undo His Legacy.” Plus, Ralph rails against the proposed congressional handout to the microchip industry and the Senate oversight committee’s lack of oversight of the Pentagon budget.
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Transcript
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| 0:00.0 | I'm Tom Morello, and you're listening to the Ralph Nader Radio Hour. |
| 0:12.0 | Welcome to the Ralph Nader Radio Hour. |
| 0:13.7 | My name is Steve Sgrovan along with my co-host David Southerme. |
| 0:16.7 | Hello, David. Hello, Steve. |
| 0:19.2 | And we also have the band of the hour Ralph Nader. Hello, Ralph. |
| 0:22.4 | Hello, everybody. |
| 0:23.9 | At David, we've got another live Zoom coming up. |
| 0:27.3 | This is really important because a lot of Americans feel powerless |
| 0:31.2 | when it comes to the gun lobby, but I think this special live taping |
| 0:36.8 | of the Ralph Nader Radio Hour will empower us. |
| 0:40.4 | It's coming up next Wednesday, July 27th at 1230 PM Eastern 930 AM Pacific |
| 0:47.8 | for all our West Coast listeners of which we know we have many. |
| 0:51.7 | And our guest will be Josh Kuskov. |
| 0:54.2 | He's the attorney who won a $73 million judgment against Remington |
| 0:58.9 | and other arms manufacturers on behalf of nine Sandy Hook victims families. |
| 1:04.6 | They're shooting in Sandy Hook, Connecticut. |
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