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an industry driven by greed is greedy... why am i not surprised. that stuff needs some regulating. its all well and good making everyone richer and deregulatin
by jheriko 12y ago
an industry driven by greed is greedy... why am i not surprised.
that stuff needs some regulating. its all well and good making everyone richer and deregulating to encourage it, but if the gap widens, because of how the economy works, the poor get poorer in real terms :(
also we have big explosive crashes...
- tomp 12y agoI think a better analogy would be, an industry that makes money has money. Just like a baker wouldn't go hungry and a shoemaker will have shoes.
- collyw 12y agoOr a Foxconn worker wouldn't go without an iPhone. Oh, wait.
- neonhomer 12y agoIt was properly regulated before, see https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legisla.... Until people go to jail for the crimes (see Iceland) nothing will get fixed.
- hnnewguy 12y ago>Until people go to jail for the crimes (see Iceland) nothing will get fixed. This is such a bizarre argument. You don't think there were/are oodles of prosecutors frothing at the mouth to throw some bankers in jail? Look around the internet! They'd be heroes! The public would rejoice, yet it hasn't happened, because proving that some of the perceived corruption and missteps are actual crimes is, apparently, more difficult than you think. And I don't want to live in a country when the government can decide, willy-nilly, to throw corporate executives in the slammer. Second, tthrowing here are far more effective means of "punishment" than some low-ranking employee in white-collar prison (which costs us MORE money). Fines have been used, which punish earnings, executive pay, and shareholders.