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“Ban Secret Deals”: Meet the New Coalition Working to Ban NDAs in Corporate Subsidy Deals

“Ban Secret Deals”: Meet the New Coalition Working to Ban NDAs in Corporate Subsidy Deals

FromOFF-KILTER with Rebecca Vallas


“Ban Secret Deals”: Meet the New Coalition Working to Ban NDAs in Corporate Subsidy Deals

FromOFF-KILTER with Rebecca Vallas

ratings:
Length:
60 minutes
Released:
Apr 15, 2022
Format:
Podcast episode

Description

How would you feel if you found out your elected leaders had voted to hand out huge sums of public money to corporations, with some of them not even knowing who the recipient is, and the rest bound by contract not to divulge its identity or what its specific plans are? Now what if we told you this happens all over the country, all the time, in deals involving wealthy corporations such as Amazon, Facebook, Google, and on and on? Unfortunately, thanks to a legal tool called a non-disclosure agreement (NDA), this kind of corrupt secret dealmaking has become the norm rather than the exception in economic development deals. These agreements—signed by governors, mayors, state legislators, and other local leaders—prevent public officials from disclosing anything about a corporate subsidy deal they’re working on, including even the recipient, until it’s finished, cutting many key stakeholders, and most importantly the public, out of the process. But a new coalition is seeking to change that. To learn more about the effort to “Ban Secret Deals”—and why it’s critical to economic justice in the United States—Rebecca sat down with Pat Garofalo, director of state and local policy at the American Economic Liberties Project, author of the book Billionaire Boondoggle and the Boondoggle newsletter, which looks at how corporations are ripping off our states, cities, and communities; and Illinois State Senator Robert Peters, an organizer and economic justice activist who now represents the Thirteenth Legislative District in the Illinois General Assembly, and who recently introduced the first state legislation to ban secret deals. For more: Here’s some of the recent coverage of how non-disclosure agreements are enabling corrupt secret dealmaking with wealthy corporations like Amazon, Facebook, and more For more from Pat, subscribe to the Boondoggle newsletter and check out his book Billionaire Boondoggle  For more from Senator Peters, check out this interview with ABC7 Chicago—and his legislation to ensure transparency in government contracts Learn more about the campaign to ban secret deals at bansecretdeals.org
Released:
Apr 15, 2022
Format:
Podcast episode

Titles in the series (100)

Off-Kilter is a podcast about economic liberation—and the shifts in collective consciousness it will take to set us all free. Every week, Rebecca Vallas talks with visionary leaders and organizations working to reinvigorate our shared imagination and disrupt the imbalance of power in our society. Find Off-Kilter on the Progressive Voices Network, the We Act Radio network in D.C., local radio stations across the U.S., and wherever you get your podcasts.