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re: Goldman tapes show culture of corruption, crony capitalism
Posted on 10/1/14 at 8:51 am to Draconian Sanctions
Posted on 10/1/14 at 8:51 am to Draconian Sanctions
quote:
This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
3
Posted on 10/1/14 at 8:53 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
exactly
this is a great side-point to that comment
quote:
Wealthy individuals can qualify with the Securities and Exchange Commission as accredited investors. This means they can invest in more things and have fewer protections afforded to them.
the policy behind accredited investors is a type of consumer protection: we don't want poor people taking risks in investing
it's sold as a nanny-state behavior
what does it do? it creates different rules for the rich and everyone else, which gives the rich a decisive investing advantage
PROGRESS!
Posted on 10/1/14 at 8:54 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
Up is red, left is potato, water is dry, the sky is plaid, you can replace a Gerry Bertier, a pig and elephant DNA splices just fine, and frick her right outside the pussy.
Posted on 10/1/14 at 9:06 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
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