3 ms·
I think the legacy of trust busting from the late 1800's and early 1900's carried over pretty well into the post-war boom in the 50's and 60's, and that's why w
by TheRealDunkirk 4y ago
I think the legacy of trust busting from the late 1800's and early 1900's carried over pretty well into the post-war boom in the 50's and 60's, and that's why we have so many stories about how home appliances lasted for 30, 40, and 50 years back then. I think our system started falling over with the deregulation under Reagan in the 80's, and it's being a steadily-increasing decline ever since. Matthew Stoller on Twitter is closely following Lina Kahn at the FTC, and she seems intent on restoring the balance between consumers and corporations, but I'm afraid that if she actually does something noticeable by the general populace in this regard, she'll simply be replaced by a "sympathetic" administration, and the organization "steered" back into compliance. If so, the people who do this should just disband them. It doesn't do us any good to have regulatory gatekeepers on the payroll, if they're only acting like the ratings companies in the MBS fiasco and subsequent meltdown.