Interviews Available on Corporate Wrongdoing:
* The New Law * FCC Role * Enron's Global Damage
- July 30 -
Cray is director of the Campaign for Corporate Reform for the group Citizen Works.
Rasmussen, who works with the Program on Corporations, Law and Democracy, wrote
the article "Rethinking the Corporation." She said today: "The legislation signed
by Mr. Bush today is a quickly-devised effort to send a message that the people
are 'winning,' when, in fact, nothing of the sort has happened.... A law establishing
oversight and imposing a few penalties we are told will set things right and get
corporations in line, but will in fact leave the giant corporations and their
complicit governments to proceed with business as usual. Such speedy acting is
intended to divert us from the fundamental question of who governs in this country....
We need to be rewriting corporate law in all 50 states and engaging in the struggle
to build democratic institutions that put the people in charge."
Co-author of "Enron's Pawns: How Public Institutions Bankrolled Enron's Globalization
Game," Wysham is a fellow at the Institute for Policy Studies and the director
of the Sustainable Energy and Economy Network. She said today: "Long before Enron's
tricks came to light in the U.S., the company was infamous for even more egregious
practices in the developing world.... Our research has uncovered that 21 agencies
representing the U.S. government, multilateral development banks, and other national
governments helped leverage Enron's global reach with $7.2 billion in public financing
approved for 38 projects in 29 countries. Enron's overseas operations rewarded
shareholders temporarily, but often punished the people and governments of foreign
countries with price hikes and blackouts worse than what California suffered in
2001, causing social unrest and riots that were sometimes brutally repressed.
Meanwhile, the U.S. government and other public agencies continued to advocate
on Enron's behalf, threatening poor countries -- for example Mozambique was threatened
with an end to aid if it did not accept Enron's bid on a natural gas field. Only
when Enron's scandals began to affect Americans did these officials and institutions
hold the corporation at arm's length."
Michael Powell, chairman of the FCC, testified before the Senate on Tuesday. Chester
is executive director of the Center for Digital Democracy and co-author of the
recent article "A 12-Step Program for Media Democracy." Chester said today: "The
FCC's recently released five-year plan does not even mention the 'public interest'
-- something that should be central to its role."
|Common Dreams NewsCenter is a non-profit news service
providing breaking news and views for the Progressive Community.
press release posted here has been provided to Common Dreams NewsWire by
one of the many progressive organizations who make up America's Progressive Community.
you wish to comment on this press release or would like more information,
please contact the organization directly.
*all times Eastern US (GMT-5:00)
Read our Guidelines
for Submitting News Releases
1997-2003 Common Dreams.