The Paula Gordon Show |
Market Madness | |||
“Greed is Good” is the opposite of freedom
and democracy and free markets. This destructive notion is beginning
to crumble in the United States, says renowned investigative reporter
Eric Schlosser, widely known for Fast Food Nation and
Reefer Madness. In spite of what he calls a very dark
time in America, Mr. Schlosser is optimistic that Americans are beginning
see the devastating results of current policies, to recognize that the
Radical Right has tried to destroy the former American consensus -- a
belief in a strong Middle Class; that workers deserve a decent wage; that
safety, health and a clean environment benefit everyone alike; that government
can do much good for people, as well as doing good for corporations. |
Conversation 1 Eric Schlosser tells Paula Gordon and Bill Russell how he became interested in the subjects that led to his books. He describes investigative reporters’ long and noble tradition. |
Conversation 2 Both Fast Food Nation and Reefer Madness are business books, Mr. Schlosser says and explains. The biggest industry in America’s biggest state -- California -- is agriculture, most of it dependent on human hands picking the produce, Mr. Schlosser reports. Vital immigrant labor, legal and illegal, are exploited in ways resembling the Middle Ages, he says, describing how critical these people are to all. Today’s stark economic class distinctions are very worrisome to the future of the U.S., he says. Adam Smith is much quoted, little understood, and probably irrelevant to Information Age economics, Mr. Schlosser says, then uses meatpacking, Wal-Mart and others to explain “externalities.” |
Conversation 3 American industry’s absolute dependence on government subsidies, profits from government and governmental infrastructure support make a joke of “free market” rhetoric, Mr. Schlosser demonstrates. He gives additional examples from America’s thriving Black Market, from marijuana to the so-called “war on drugs” to labor. The idea of “prohibition” of all kinds is explored. The role of money in the United States’ underground economy is introduced. |
Conversation 4 Theology, money, drugs and ethnicity converge around marijuana and pornography, Mr. Schlosser says and expands. He compares the recreational uses of anti-impotence drugs and marijuana. Most people sent to prison for marijuana and drug crimes in the U.S. are poor, black or Latino, while young white people use drugs at the same rate, he says, and explains why. Both _Nation_ and _Madness_ look at fundamental changes in American society since the early 1970s, he says, and links worship of the Free Market and money to the lack of compassion underlying “Greed is Good.” He’s optimistic the U.S. is moving away from that obsession and calls for an honest discussion of the legitimate role of government in constraining economic activity. |
Conversation 5 “Free Market,” like Santa Claus, is a myth, Mr. Schlosser says, describing the current reality of constant business-friendly interventions, including the oil cartel the Bush Administration never criticizes. Declaring himself a great believer in markets under some circumstances, Mr. Schlosser reminds us that government can do good for citizens as well as corporations, pointing out hypocricies, optimistic that the U.S. is moving out of a very dark period. Today’s centralized, industrialized food system is only 25 years old, he says, describing the enormous costs it currently imposes on the nation -- obesity, water and air pollution, diseases, antibiotic resistance -- but it’s neither inevitable nor sustainable, he insists, and expands. |
Conversation 6 Industry concentration affecting many markets, including the media, are why his information is “news” to Americans, Mr. Schlosser says, explaining how news became bland, celebrity-driven and dangerous. He concludes with optimism. |
Acknowledgements Knowing what is going on is essential in a democracy. Reporters and journalists who have the courage as well as the skill to tell us the truth is essential to that process. Eric Schlosser is at the forefront of his profession in doing just that. He is in the golden class of heroic journalists who have helped build a stronger America in the face of overwhelming odds. We applaud him and we thank him, hopeful that he will continue to enrich the public conversation. |
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