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Ralph Nader: Why Elizabeth Warren Scares Wall Street

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Thought|Ralph Nader: Why Elizabeth Warren Scares Wall Avenue


The client imply says she is going to protect the monetary change in administration of its misdeeds. Furthermore: The F.T.C. and privacy; China’s looting of technology; the scheme forward for the Catholic Church.


Credit…Demetrius Freeman for The Fresh York Instances

To the Editor:

Re “As Warren Gains in Recognition, Her Anti-Greed Message Has Wall Avenue Rattled” (front web page, Nov. 4):

No wonder that Elizabeth Warren’s conservative proposals rating Wall Avenue rattled. She offers comprehensive law and account for to convey under adjust the company crime wave, the reckless hypothesis with “different other folks’s money” and the violations of fiduciary obligations to their clients.

For years sooner than and after the 2008 self-inflicted Wall Avenue crash — steeped in greed and conflicts of interest — the undertaxed monetary firms rating expected immunities and taxpayer bailouts, weaker rules and diminished disclosures.

What Senator Warren is telling them is that the sheriff is coming to town. The Wall Streeters would possibly perchance perchance perchance honest calm not be above the law to any extent additional.

Ralph Nader


The creator is the patron imply and ragged presidential candidate.


Credit…Photo illustrations by Doug Chayka


To the Editor:

Does The United States Need an F.D.A. for Privacy?,” by Natasha Singer (data analysis, Sunday Review, Nov. 3), misses the ticket in suggesting that the Federal Commerce Commission treats privacy as “an aspect hustle,” and that the medication for industrial privacy abuses is a up to date privacy agency.

The F.T.C. has a proven display screen file in preserving client privacy. We’ve introduced hundreds of privacy cases in opposition to firms admire Facebook, YouTube, Microsoft, Twitter and Uber, with present cases generating among the excellent privacy fines in the enviornment.

Our cases rating lined every little thing from stalking apps to tremendous TVs to connected toys. We’ve issued 50 stories and held 70 workshops on privacy points admire synthetic intelligence, facial recognition, drones and connected cars. Our yearly PrivacyCon match spurs cutting-edge privacy learn.

Manufacture we desire a federal privacy law in the US? Fully. Manufacture we desire extra authority and sources, as Ms. Singer suggests? For sure. But the answer to any privacy vacuum isn’t an untested contemporary kinds that would possibly perchance perchance perchance enter the game in the fourth quarter. The F.T.C. is already a global-class, award-successful privacy agency, despite its diminutive authority and sources. Imagine what we would possibly perchance perchance perchance attain with extra.

Joseph J. Simons


The creator is chairman of the Federal Commerce Commission.

To the Editor:

Re “In F.B.I.’s Sights: Stolen Research Flowing to China” (front web page, Nov. 4):

Chinese language scientists aren’t appropriate stealing secrets from the National Institutes of Health and the biomedical neighborhood. With lively toughen and encouragement from China’s central authorities, the systematic looting of American technologies is going down on almost every scientific front contained in the US.

The American scientific neighborhood has a serious problem on its hands that it has not been ready to deal with: Its birth learn climate continues to spawn world-class suggestions, but the Chinese language are stealing suggestions and making an strive to commercialize them sooner than the American citizens can, in consequence of generous funding from Beijing.

When will The United States rating up and begin defending its secrets?

William J. Holstein

Briarcliff Manor, N.Y.

The creator is the creator of “The Fresh Art work of Battle: China’s Deep Technique All the very best scheme via the US.”

To the Editor:

Re “For Bishops, It’s The relaxation but a Girl” (Op-Ed, Oct. 31):

Sara McDougall is heading in the true direction in declaring that the Roman Catholic Church is much extra willing to rating married males as monks than to ordain ladies folk. But there is an even deeper assert: clerical adjust.

At last, the church will ordain ladies folk if that’s the very best scheme to outlive institutionally. But turning energy over to the laity would be the final resort. The election of diocesan bishops by local laypeople, as an illustration, is unthinkable.

We leer among the an identical dynamic in Protestant churches which rating ordained ladies folk whereas final appropriate as hierarchical as sooner than. Elected lay boards would possibly perchance perchance perchance honest rating famous energy in areas admire money and property administration, even even supposing generally that energy is nominal, with clergy suggesting a truly noteworthy choices. But extra severe areas — sermons, liturgy, staffing and defining the church’s mission — are generally controlled by clergy.

The Catholic Church is in point of fact the most clericalist. To rating and deserve lay toughen, it wants not perfect to ordain ladies folk but as well to redistribute energy. Protestant churches, whereas not as hierarchical, also rating to grand extra robustly carry out Martin Luther’s stare that “we are all consecrated as monks.”

Stephen Hart


The creator, an adjunct associate professor of sociology at the University at Buffalo-SUNY, has revealed widely on faith and social switch.

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