3 ms·
Could it be that Larry Summers, proponent of deregulation and globalization, could have contributed to the destruction of the American worker? Ironically, no me
by jorblumesea 6y ago
Could it be that Larry Summers, proponent of deregulation and globalization, could have contributed to the destruction of the American worker? Ironically, no mention of those policies here.
- rmrfstar 6y agoThere's also his 1998 attack on Brooksley Born and her proposal to regulate swaps. This proposal would have likely avoided or mitigated the 2008 crisis [1,2]. If I made an error that big, it would take some huge new insight for my research to be taken seriously again. [1] https://www.nytimes.com/2008/10/09/business/economy/09greenspan.html?pagewanted=print https://www.nytimes.com/2008/10/09/business/economy/09greens... [2] https://en.wikipedia.org/wiki/Brooksley_Born https://en.wikipedia.org/wiki/Brooksley_Born
- creddit 6y agoDepends so much on what deregulation you mean. If you mean deregulating from an antitrust perspective, sure that could be blamed. I don’t know specifically of him doing so, though, it’s completely possible. However, have you ever tried to open or run a small business? The regulations are INSANE especially if you want a physical location. Go try and build housing in the city that needs it most. Good luck. Free the fucking markets a bit. It works.