No way am I ready to support Democratic presidential hopeful Howard Dean, but his call yesterday for comprehensive re-regulation of American business certainly got my attention.
Best of all, Dean cited the need to protect workers as one of the main reasons to exert regulatory controls on corporations. According to the Washington Post report, Dean listed “utilities, large media companies, and any company that offers stock options” as fair targets for re-regulation. Dean also favors broadened unionization rights and strengthened transparency requirements for corporations.
Calling for a “new social contract for the 21st century,” Dean said that “in order to make capitalism work for ordinary human beings, you have to have regulation. Right now, workers are getting screwed.”
Dean’s awakening to the need of corporate reform and regulation is something of a reversal. As governor of Vermont, Dean was a fairly strong advocate of deregulation in general.
The full text of Dean’s Houston speech, “Enron Economics,” is available on his Howard Dean for America website.