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April 03, 2023 | The American Prospect
The Chickenshit Club, Climate Edition
If we at the Revolving Door Project could exhort the Biden administration to do anything, it would be this: Choose the right enemies—rich, powerful corporations that harm the public, most often with impunity. Sometimes you will lose, but that doesn’t mean you should forfeit the fight. And getting caught trying can inspire the public to rally around a political party and its leaders.
March 27, 2023 | The American Prospect
The SVB Collapse Reveals the Class Bias in American Policymaking
When bankers blow their businesses up, it’s no-questions-asked bailout time. When student borrowers need relief, not so much.
March 25, 2023 | Common Dreams
Steven Rattner's Not Afraid Of Work From Home, He's Afraid Of Worker Power
American workers have just started getting the barest minimum of a few lucky breaks. But that is terrifying to Rattner and his fellow moguls, so they need some sort of rational argument for why these bare scraps of power are actually bad for everyone.
March 22, 2023 | The Sling
Too Big To Rail: Railroads, Safety, and Accountability
Unfortunately, America’s rail workers are all too familiar with the consequences of how the railroad industry has been operated over the past 30 years. Precision scheduled railroading (PSR) has made the difference. PSR is a business model focused on reducing overhead costs and generating returns for shareholders. Similar to many other business models driven by financialization, it’s effectively a scheme by giant railroad operators to cut staff and backup resources, push the remaining equipment and personnel to the breaking point, and funnel as much of the cash as possible to Wall Street. And by increasing market concentration even further, the recently approved rail merger between Canadian Pacific (CP) and Kansas City Southern (KCS) promises to make the situation even more dire — for railroad workers, for the communities our rail lines pass through, and for the American economy.
March 17, 2023 | The American Prospect
Bankers Being Greedy Morons Poses Climate And Financial Risk
The SVB collapse rubs in our collective faces the fact that the financiers with great influence over our political economy are, by and large, a pack of greedy idiots.
March 15, 2023 | The Nation
Why Is Larry Summers So Obsessed With Tech Bros?
For the past two years, former Treasury secretary Larry Summers has begged, berated, and bullied federal policy-makers to suck as much wealth as possible, as fast as possible, out of the economy. He just never meant, you know, his wealth or his friends’ wealth.
March 13, 2023 | The American Prospect
President Biden Should Get Rid of Trump Holdovers
It’s been over 764 days since Donald Trump left the White House, yet his legacy still – even years into Biden’s own term – continues to pervade our highest echelons of government.
March 12, 2023 | Common Dreams
Wilson’s Parting Shots Draw Attention To Her Actual Conflicts of Interest
Christine Wilson leaving the FTC is good news for anyone who cares about effective antitrust enforcement. A quintessential revolving door figure, Wilson’s tenure was only useful to her job prospects once she decided it was time to leave the FTC.
March 06, 2023 | The American Prospect
Rumored Fed Nominee Thinks Tim Geithner Did Right By Homeowners
Eberly and her co-author, fellow economist Arvind Krishnamurthy, find that Geithner’s policies were excellent, and his biggest critics should shut up.
March 01, 2023 | The American Prospect
Op-Ed Climate and EnvironmentConsumer ProtectionCorporate CrackdownExecutive BranchGovernanceGovernment Capacity
Calling Deficit Squawks’ Bluff on Environmental Enforcement
A 38-car train wreck. Toxic chemicals seeping into water and soil, and a black plume rising in the sky. Sick people, sick pets. As the Prospect’s Jarod Facundo wrote last week, the national spotlight remains fixed on the ecological consequences of the February 3 derailment of a Norfolk Southern train carrying hazardous chemicals in East Palestine, Ohio.
In the context of this ecological disaster, arguing for a reduced budget for federal investigators, air and water quality testing, and programs that hold polluting corporations accountable for proper cleanup and restitution is sheer madness. But that’s exactly what the current right-wing push for massive government spending cuts in the name of deficit reduction would entail.
February 22, 2023 | The American Prospect
Critical Tests For The Biden Administration's New Team
If Zients and Brainard want to prove to their critics that they are ready to fight corporate power on behalf of the little guy, they have ample opportunities to start.
February 13, 2023 | The American Prospect
The Difference Between Expertise and Marketing
Attacks on aggressive antitrust enforcement from ‘fellow Democrats’ who work for monopolists should be seen for what they are.
February 09, 2023 | The Sling
In Competition and Consumer Protection, The FTC Needs More Funding To Give Economic Power Back To Americans
Congressional Democrats managed to pass a few crucial measures during December’s lame duck session. One tiny fraction of the omnibus bill to fund the government was the Merger Filing Fee Modernization Act, a measure for which anti-monopoly advocates have long been pushing. And beyond the DOJ Antitrust and FTC’s edict to enforce competition, the FTC has another underfunded but crucial mission: consumer protection.
February 06, 2023 | The American Prospect
Whatever Happened To 'Helping The Sh*t' Out Of People?
In all, these look like the moves of a White House trying to endear itself to big business, now that the Democratic trifecta is gone.
February 01, 2023 | Talking Points Memo
Biden Should Wed His Cancer Moonshot To The Energy Transition
But succeeding at his Cancer Moonshot’s goals will require more than funding research into cancer treatments. As the first day of February marks the beginning of National Cancer Prevention Month, it’s worth acknowledging that cancer prevention requires different approaches than treatment, and must include a reckoning with the carcinogens that pervade our environment. If Biden really wants to fight cancer in America, he’s going to have to challenge the fossil fuel and petrochemical industries. Among other things, this means confronting an Achilles heel of the Democratic Party: domestic fracking.