What’s The Matter With Delaware?
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Ralph welcomes journalist and executive director for intellectual capital at the University of Chicago Booth School of Business, Hal Weitzman, to discuss his book “What’s The Matter With Delaware? How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All.” Hal Weitzman is Executive Director for Intellectual Capital at the University of Chicago Booth School of Business and editor-in-chief of Chicago Booth Review. A former Financial Times editor and foreign correspondent, he is the author of Latin Lessons: How South America Stopped Listening to the United States and Started Prospering and What’s the Matter with Delaware?: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All. We know that lawyers and investors in corporations hate political uncertainty because it might affect their profit-making process. And in Delaware they’ve perfected that system. They have completely bypassed any political uncertainty, and therefore also bypassed any oversight or regulation. Hal Weitzman The state of Delaware, the major law firms, the legislature, and the State Secretary of State over the years have created a very powerful embrace to make sure that Delaware stays #1 in terms of being a haven for these kinds of corporations, and in terms of making sure that the federal government interferes the least. Ralph Nader In Case You Haven’t Heard with Francesco DeSantis 1. The Lever reports that in Delaware, The Company State, in a little town called Seaford, corporations may soon have the right to vote. The town has proposed an amendment to their charter granting LLCs, corporations, trusts or partnerships suffrage in municipal elections. Claire Snyder-Hall, executive director of Common Cause Delaware called this a "shocking...attempt to [give] artificial entities… voting rights," and characterized it as the “flipside [of voter suppression]." This proposal would require the blessing of both houses of the Delaware legislature, and while unlikely to pass, the corporate control of the First State is so powerful that passage cannot be entirely counted out either. 2. Senate HELP Committee Chair Bernie Sanders has launched an investigation into safety at Amazon. Chairman Sanders wrote on Twitter “If Amazon can afford to spend $6 billion on stock buybacks last year, it can afford to make sure its warehouses are safe. If Amazon can afford to pay its CEO $289 million over the past 2 years, it can afford to treat all of its workers with dignity and respect, not contempt.” To further this investigation, the HELP committee has launched an online portal allowing “current or former workers, supervisors, medical staff, or anyone else in Amazon's warehouses,” to submit their stories of mistreatment. 3. A troubling new report from the Governors Highway Safety Association (GHSA) highlights the rise in pedestrian fatalities in recent years. According to the data, over 8,000 pedestrians were killed on US roadways in 2022, more than double the number who were killed in 2010 and higher than any year since 1980. Regulators must take pedestrian safety as seriously as that of automobile drivers. 4. Last Thursday, Indian Prime Minister and Right-wing extremist Narendra Modi addressed Congress, following his meeting with President Biden. A number of progressive Democrats boycotted the event, including Reps. Summer Lee, Cori Bush, Ilhan Omar, Jamaal Bowman, Rashida Tlaib, and AOC. In a joint statement issued by Bush and Bowman, the members wrote “by bestowing Prime Minister Modi…the rare honor of a joint address, Congress undermines its ability to be a credible advocate for the rights of religious minorities and journalists around the world.” This from the Hill. 5. People’s Dispatch reports that the New York City Council has passed a resolution calling for the United States to end the blockade on Cuba. New York City now joins Washington, D.C. and Chicago in passing such reso
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