Forum Post: Deregulation? Been there, done that, didn’t work.
Posted 12 years ago on Nov. 30, 2011, 1:54 a.m. EST by occupyacrossamerica
(7)
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Unregulated markets are nothing new. We've seen them in the past, and we see them today. And they don't work. They work for the guys on top for a little while, and for the people at the bottom never.
Deregulation of the economy is the most absurd idea any modern person could come up with next to trying to restructure geology classes to support a flat Earth theory.
Read my full thoughts at:
http://occupyacrossamerica.com/2011/11/30/deregulation-been-there-done-that-didnt-work/
nice!
Laissez-faire redux. Shiny new Koch-sponsored packaging, part of their friendly campaign to restore the good names of the Robber Barons and their Gilded Age.
Good post. Thanks.
It is essentially a fine tuned balance between what highly needs regulating and that which needs little of it. Obviously the repugs went way too far to the right with the help with big greedy money buy offs. Our politicians are bought and sold by the rich. When we put money over people we get exactly what we got.
Glass-Steagall needs reinstatement for starters.
Repeal’ of Glass-Steagall Irrelevant to Financial Crisis
Although we’ve heard a great deal about how “deregulation” caused the financial crisis, specific cases of repealed legislation that would have prevented it are few and far between. The one some progressives seem to have settled on is the “repeal” of the Glass-Steagall Act of 1933, which separated commercial from investment banking. The “repeal” involved only one provision of the Act, the one preventing the same holding company from controlling both a commercial bank and an investment bank.
http://www.tomwoods.com/blog/repeal-of-glass-steagall-had-nothing-to-do-with-the-crisis/
How do you fix it? What are your plans to improve on the society that has advanced every field to its furthest point in history?
You mean the society of the 40s-70s that built the middle class? Or the society of the 80s-present that destroyed it? Which America are you for?