Show Notes
Ralph speaks to Dr. Marina Nord of the V-Dem Institute about this year's V-Dem Democracy Report and how the Trump Administration is dismantling democracy in the US. Then, Ralph welcomes Dr. Ralph Estes to discuss corporations' shady accounting practices.
Dr. Marina Nord is a postdoctoral research fellow at the V-Dem Institute. She is co-author of V-Dem’s Democracy Report 2026: “Unraveling The Democratic Era?”. Only six countries during the 21st century have registered larger one-year drops on the aggregate Liberal Democracy Index [than the United States] —and all of them are coups. If you look at the last almost 250 years (so for which we have data going back to 1789), there were only thirty-five instances of more rapid dismantling of democracy—almost all of them were either military coups or international interventions. Dr. Marina Nord
We do not measure [Trump’s] words. We measure how institutions function de facto. And what is a lot more important for us is not only what he says, but how other institutions (checks and balances) function to constrain him. And one of the things that we see, for example, is that Congress is not constraining him in any way. And this is very, very serious, because if you have a President who violates the law, who violates the Constitution, you should have the judiciary who stand up, the Supreme Court who should stand up to protect the Constitution. You should have the Congress who is not allowed to [abdicate power to the executive]. And this is something that is very, very concerning, a lot more concerning than what Trump is saying. What I find a lot more concerning is that there are no checks and balances to constrain him. Dr. Marina Nord
When looking at the data, we also looked at the countries who managed to stop autocrats similar to Trump. And we tried to analyze which factors contributed to stopping democratic backsliding and turning it around. So research shows that, of course, there is no single recipe, but there are several combinations of factors that may help. One of them is: use whatever institutional safeguards that you still have in the United States…The second thing that we know that still works quite well is robust societal action. And by that we mean not only demonstrations similar to the No Kings protests, but sustained protests, mass pro-democracy protests…And then, of course, one of the things that still should be a possibility to turn things around is the midterm elections. Dr. Marina Nord
Dr. Ralph Estes is Emeritus professor of business and accounting at American University in Washington, D.C., co-founder and vice president of The Center for Advancement of Public Policy, and Emeritus Trustee at the Institute for Policy Studies. He is the author of several books, including Tyranny of the Bottom Line: Why Corporations Make Good People Do Bad Things and Fight the Corpocracy, Take Back Democracy: A Mad As Hell Guide for the 99%. The public has no way of fairly evaluating a corporation except through the press, what it sees in corporate press releases and their claims about being, for example, environmentally responsible and very favorable to customers. And there are no measures on that. Corporation doesn’t give us any. Corporation produces a set of financial statements. You won’t know how relevant those financial statements are to you and me. They’re not relevant at all… In terms of social performance, there’s nothing in the corporate reports, the formal reports, that is reliable. Again, you’re stuck with what the corporation claims or what the politicians who are lobbying for contributions will admit corporations do… But this is a problem. If the corporation doesn’t report it, if the citizens don’t know about it, the politicians can try to do something, but they have to start from scratch. Dr. Ralph Estes
News 5/15/26 * We begin this week with a bombshell story from Latin America. This week, El País broke what they are calling “Hondurasgate,” an expose centering on leaked
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Ralph speaks to Peter Maybarduk of Public Citizen about how the Trump Administration's drug pricing deals favor Big Pharma. Then, some advice for progressive candidates from Ralph and former NYC Public Advocate Mark Green.
Ralph welcomes Dr. Alison Galvani, the founding director of the Yale Center for Infectious Disease Modeling and Analysis, and co-author of the forthcoming article, “Projected Economic Gains and Lives Saved Under Universal Health Care in the United States.” Then our constitutional law expert, Bruce Fein, stops by to tell us about a letter he and Ralph sent to states Attorneys General urging them to prosecute Donald Trump for exhorting his followers to commit voter fraud in the forthcoming midterm congressional elections. Finally, we respond to your feedback on how to be a smart voter. Alison Galvani is the founding director of the Yale Center for Infectious Disease Modeling and Analysis and the Burnett and Stender Families Professor of Epidemiology at the Yale School of Public Health, Yale School of Medicine. She has applied her modelling and health economics skills to address public health challenges including HIV/AIDS, Zika, Ebola, influenza, and COVID-19. And she is co-author of the forthcoming article “Projected economic gains and lives saved under universal healthcare in the United States.” We analyze the American healthcare system as a national balance sheet. And on one side of the ledger, we have: covering the uninsured and expanding care for the uninsured (that costs money). And we took into account that utilization will increase for people that currently have inadequate health care… And when we initially started looking at this in 2019…I anticipated a hefty price tag as well. Our work has focused on the effectiveness and cost-efficiency of public health policy in the US and around the world, and usually we’re asking: How much will it cost to save lives? And we rarely get a no-brainer where you save money and you’re saving lives. Alison Galvani
Ralph speaks to Dr. Feroze Sidhwa for an update on the death toll in Gaza as well as the new documentary film “American Doctor.” Then Ralph and economic William Lazonick discuss Nvidia’s planned $235 billion stock buyback. Dr. Feroze Sidhwa is a general, trauma, and critical care surgeon in California. He is also a humanitarian surgeon who has worked in Palestine, Ukraine, Haiti, Zimbabwe, and Burkina Faso. He most recently volunteered at Nasser Medical Complex in Khan Younis, Gaza. He was blocked from entering Gaza by Israel’s Shin Bet intelligence service in November 2025. His work in Gaza is featured in the new documentary film American Doctor. If I’m remembering the exact time right, March of 2016 was the deadliest month for children that [Airwars] had ever studied anywhere—so that’s the 31 days of March of 2016. In the first 25 days of the US-Israeli assault on Gaza, the rate of killing of children was 71 to 142 times higher than in the deadliest month they had ever studied for children anywhere else. And just to put these numbers in a little bit of perspective…If you look at Russia’s invasion of Ukraine versus Israel’s invasion of Gaza, Russian forces killed the same percentage of children in Ukraine in 10 months as the US and Israel kill in Gaza every 18 to 37 hours. Dr. Feroze Sidhwa
Ralph welcomes Mary Berry the daughter of the late American novelist, poet, essayist, environmental activist, cultural critic, and farmer, Wendell Berry. Ms. Berry runs the non-profit Berry Center in New Castle, Kentucky, which serves as a repository for the study of small farm agriculture and preserves the legacy of her family’s work. Then, with the midterms on the horizon, Ralph and the team talk about how to be a smart voter. Plus, Ralph has some choice words for the U.S. Chamber of Commerce’s so-called “Free Enterprise Express.” Leave a comment about how you are a smart voter. We will collect these and discuss them on our next program. Click the button below to get Professor Laura Nader’s book Controlling Processes.
Ralph welcomes “New York Times” reporter Natasha Singer to discuss her new book, “Coding Kids: Big Tech’s Battle to Remake Public Schools.” Then, Ralph talks about Donald Trump’s midterm convention speeches and the latest impeachment drive with Constitutional law expert Bruce Fein. Natasha Singer is a New York Times reporter covering the intersection of technology, business and education. She has covered tech industry influence in schools for the New York Times for more than a decade, and her school tech reporting helped prompt California to enact a landmark student online data protection law. In 2019, she was part of a Times team whose tech coverage won a George Polk Award and was a Pulitzer Prize finalist for National Reporting. She is also the author of the book Coding Kids: Big Tech’s Battle to Remake Public Schools. It’s not about the companies immediately making money off schools. It’s about influencing kids, getting customers early and for life. But I think more importantly, it’s about imprinting Silicon Valley worldviews and values on young people. So that you get docile consumers who maybe aren’t worried about wholesale surveillance and data gathering, and docile employees who are not going to push back against being surveilled by their employer or using AI tools or having AI replace them. And so I think this story about tech companies capturing the classroom is not just about how they’re shaping learning. It’s about how some of the most powerful, wealthiest corporations on the planet are able to influence school systems. Natasha Singer