The world according to Ralph Nader
Feb. 4, 2019•Episode #189
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The Fifth Risk: Undoing Democracy

The Fifth Risk: Undoing Democracy

Author: Michael Lewis
ISBN 13: 978-0393357455
The New York Times Bestseller, with a new afterword "[Michael Lewis’s] most ambitious and important book." ―Joe Klein, New York Times Michael Lewis’s brilliant narrative of the Trump administration’s botched presidential transition takes us into the engine rooms of a government under attack by its leaders through willful ignorance and greed. The government manages a vast array of critical services that keep us safe and underpin our lives from ensuring the safety of our food and drugs and predicting extreme weather events to tracking and locating black market uranium before the terrorists do. The Fifth Risk masterfully and vividly unspools the consequences if the people given control over our government have no idea how it works.
The CEO Pay Machine: How it Trashes America and How to Stop it

The CEO Pay Machine: How it Trashes America and How to Stop it

Author: Steven Clifford
ISBN 13: 978-0735212398
The former top CEO examines the scandalous and corrupt reasons behind obscene pay packages for corporate executives—and explains how this hurts all of us--and how we can stop it. Today, the pay gap between chief executive officers of major U.S. firms and their workers is higher than ever before—depending on the method of calculation, CEOs get paid between 300 and 700 times more than the average worker. Such outsized pay is a relatively recent phenomenon, but despite all the outrage, few detractors truly understand the numerous factors that have contributed to the dizzying upward spiral in CEO compensation. Steven Clifford, a former CEO who has also served on many corporate boards, has a name for these procedures and practices— "The CEO Pay Machine." The CEO Pay Machine is Clifford's thorough and shocking explanation of the 'machine'--how it works, how its parts interact, and how every step pushes CEO pay to higher levels. As Clifford sees it, the payment structure for CEOs begins with shared delusions that reinforce one other: Once this groupthink is accepted as corporate dogma, it becomes infinitely harder to see any decision as potentially irrational or dysfunctional. Yet, as Clifford notes, the Pay Machine has caused immeasurable harm to companies, shareholders, economic growth, and democracy itself. He uses real-life examples of the top four CEOs named the highest paid in 2011 through 2014. Clifford examines how board directors and compensation committees have directly contributed to the rising salaries and bonuses of the country's richest executives; what's more, Clifford argues, each of those companies could have paid their CEOs 90 percent less and performed just as well. Witty and infuriating, The CEO Pay Machine is a thorough and incisive critique of an economic issue that affects all American workers.
Impeaching the President: Past, Present, and Future (Open Media Series)

Impeaching the President: Past, Present, and Future (Open Media Series)

Author: Alan Hirsch
ISBN 13: 978-0872867628
" Impeaching the President is lucid, balanced, and deeply informed. Anyone in search of a reasoned guide to the unreason of our current situation should read it."— Elizabeth Kolbert, Pulitzer Prize-winning author of The Sixth Extinction "Ousting a president is a complicated and uncertain endeavor, according to this perceptive study of impeachments. . . . [This book] shrewdly assesses the impeachability of President Trump based on his alleged offenses . … Hirsch's lucid prose and careful analysis make the book a fine corrective to cavalier popular rhetoric surrounding discussions of impeachment."— Publishers Weekly "A masterpiece for the masses."— Ralph Nader "Amid the partisan passion, an illuminating primer of analysis and context lowers the temperature on this hot-button issue. . . . A cogent analysis that builds a common-sense case for proceeding with caution and against using impeachment as a partisan weapon."— Kirkus Reviews " The reader gets a hearty mix of American history, political intrigue, and constitutional law, all adhered with Hirsch's amazing writing. He captures the political chaos surrounding each prior case, yanking the reader out of our present exceptionalism to see the evolution of impeachment with the proper context and clarity. Can't recommend it enough."— Travis Cohen, Brookline Booksmith, MA "In an era when the notion of impeachment is tossed around as the ultimate political indictment, Alan Hirsch guides us with a steady hand through our own history to consider the three presidents who faced that ultimate punishment. This is a sober, precise, and carefully argued analysis that should be read by every member of Congress—and every president."— David K. Shipler, former reporter for the New York Times and Pulitzer Prize recipient "Alan Hirsch brings clarity, wisdom, and wit to a contentious and critical subject. Impeaching the President is must reading for all concerned citizens."— Howard Shapiro, former FBI General Counsel "Incredibly readable, well-researched, analytically sound and important."— Alan B. Morrison , Associate Dean for Public Interest & Public Service at the George Washington Law School Donald J. Trump is only the third president in U.S. history to be impeached. Constitutional scholar Alan Hirsch offers clear and to-the-point guidance for all matters relating to removing a sitting president, including: the Founders' vision for checking presidential power; the impeachment stories of presidents Andrew Johnson, Richard Nixon, and Bill Clinton; wrongdoing in the Trump administration; and the availability of the 25th Amendment and presidential self-pardon. Illustrated throughout with historical engravings, photographs, and other impeachment documentation, this concise, timely, and accessible analysis offers an invaluable perspective on how the Constitution provides stability during times of political upheaval.
Skin in the Game: Hidden Asymmetries in Daily Life (Incerto)

Skin in the Game: Hidden Asymmetries in Daily Life (Incerto)

Author: Nassim Nicholas Taleb
ISBN 13: 978-0425284643
#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights: • For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations. • Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general. • Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others. • You can be an intellectual yet still be an idiot. “Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets. • Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines. • True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it. The phrase “skin in the game” is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. As Taleb says, “The symmetry of skin in the game is a simple rule that’s necessary for fairness and justice, and the ultimate BS-buster,” and “Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them.”
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power

The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power

Author: Shoshana Zuboff
ISBN 13: 978-1541758001
The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.
by @zachbellay