Oct. 23rd, 2008

veronica_rich: (medieval)
The next time somebody tells you that free market businesses will act in any way to protect their customers and the public's interest, without regulation, slap them. Slap them HARD. Kick 'em for good measure while you're at it.

Of course, I could've told you this years ago. The reason we don't have MORE pollution is because of federal regulations (trust me, the states aren't doing much to enforce their part - in a battle between a state's department of economic development and its department of environmental protection, the former will beat the latter every time). The reason we had 40 years of prosperity between the Great Depression and Ronald Reagan is because FDR's advisors and the Congress at the time KNEW that antitrust regulations were necessary to protect the Have-Nots from the grasping, greedy claws and control of the Haves.

Don't believe me about regulation? Alan Greenspan does. Finally. Let's face it: No system that allows CEOs and other top executives to hop from company to company and cherry-pick the low-hanging fruit - with BONUSES not based on merit - is going to lead to companies that try to protect their shareholders or customers. It's "me first!" all the way, baby!

This goes along with a saying I saw on a local church signboard today: Many want to harvest, but few want to plow.

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