In a lengthy interview with Democracy Now!, former presidential candidate and environmental activist Ralph Nader claims that the consequences of lifting financial regulations on bank and large corporations has allowed businesses to create a cozey relationship with key people in the U.S. government.
After describing the United States as an “advanced Third World country,” Nader called for a new mass movement such as another Occupy Wall Street to subvert the power corporations have accumulated of the last three decades within congress. “It is not too extreme to call our system of government now ‘American fascism.’ It’s the control of government by big business, which Franklin Delano Roosevelt defined in 1938 as fascism,” Nader says. “We have the lowest minimum wage in the Western world. We have the greatest amount of consumer debt. We have the highest child poverty, the highest adult poverty, huge underemployment, a crumbling public works — but huge multi-billionaires and hugely profitable corporations.