4 ms·
sigh how i wish what I'm about to say was common knowledge. the rich didn't benefit from deregulation, they benefit from regulation as the current bail out plan
by nazgulnarsil 18y ago
sigh how i wish what I'm about to say was common knowledge.
the rich didn't benefit from deregulation, they benefit from regulation as the current bail out plan is just the latest in a long series of capitulations to the established pecking order at the expense of a truly free market (free competition). The established players don't like capitalism, because capitalism allows for large shifts in wealth.
- ajkirwin 18y agoWrong. No regulation OR good regulation is bad for them. They benefit from PARTIAL regulation. And regulation, much like circumcision, is as Robin Williams said. "You go all the way, or just forget it!"
- pchristensen 18y agoRegulation isn't inherently good or evil. There are good and bad regulations. Hopefully we could get less BAD regulation and more GOOD regulation. Not holding my breath. Also, what is good for one group may be bad for another, and vice versa. Good luck figuring that one out.