Oh Contraire - - to loosing regulations

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Submitted by don (United States), Mar 25, 2015 20:25

The Four Horsemen of the Nation's Financial Apocalypse are the four Sectors that have loosened regulations - - starting under Reagan. They are: Financial Sector; Higher Education; Health Care Industry; and, the Military. They have exploited Human, Material, and Financial Resources like no Generation - - ever! Robert Reich & David Stockman have much to say on this very topic.

Deregulation has become a License to Steal; and, steal they have done. China's System of State Controlled Capitalism; raised 400 Million People out of Poverty; and, into their definition of Middle Class during past 15 years; while, the U.S., was sending 50 Million People to the Poor House.

Without proper Laws, Rules, and Regulations; the Strong have been able to Pervert and Deform American Capitalism, over the past 35 years. Now, all Markets are Rigged; and, Cronyism and Rent-Seeking are the most efficient ways of getting rich - - very quickly, in U.S. today.

Bottom Line: We need more Controls & Regulations - - not Less; and we need much stiffer penalties for violation of same. Deregulation was a huge factor in creating the Unsolvable Economic Problems that confronts the entire World today. What day was it; when Predator and Rent-Seeking Capitalism; replaced a more Classic Style; that had served the Nation so well; for over 125 years?

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