Wednesday, December 05, 2007
Corporations Seek Regulations Rehab
CEOs: "Please save us from ourselves! We've been stealing so much money from folks for so long, that we just don't know how to stop! Please HELP us!"0 comments
AMERICAblog | UK business now sees benefits to environmental regulations
We're witnessing a early stage of the rout of the Milton Friedman school of neo-con economic crap. It's devastated entire swaths of this planet.
Even the greedy red-tie set is beginning to realize that there are limits to just how greedy a human being can get before he/she starts to vomit gold. Hot, molten gold.
After this long corporate-highwaymen reign of terror here in the U.S. and elsewhere, blessed, worshipped "market forces" are now turning on the RedTies and they're now beginning to devour each other and even their own entrails.
All these regulations the far right, the Neo-Cons and all their Think Tanks have railed against for decades were instituted in the first place for a simple reason: to keep us from our worst human impulses; to protect us from ourselves. We humans are unruly creatures, barely able to sustain civilized interaction unless there is a large body of accepted law, and a large police presence to enforce it, helping us to get to work in the morning. Otherwise, we'd each simply kill the moron next to us who forgot to shower. And fight over his bones.
Every time you hear a pundit expound upon Deregulation or "The Market Forces," what you should hear is "I WANT MORE! FOR ME!" You would be well served to respond, "Such a greedy wretch."
The subprime mess is a perfect example. BushCo gave business full, unfettered leeway to do whatever it wanted, whatever "the market" would allow, in the pursuit of making ever more bountiful profits.
And it seems they took that newfound license, gobbled all they could hold, then, oops! took a massive, collective dump on the village green. And now they're feeling oh, so ill and oh, so woozy. They would dearly love for someone to come along and clean up this mess for them. And pat their foreheads with a cold compress, and tell them they can come back and steal some more another day.
But, clearly, "the market" is working perfectly and it's now ready to shed those many players who thought to play it cheaply. So, we should just allow it. Let it shed ALL of its latter day Ken Lays and Ivan Boeskys into the abyss of accursed lower-middle-class.
The only downside to that is they're going to take the rest of us down along with them.
Until we institute severe re-regulation.
Just to keep us all from ourselves, mind you.
posted by Gotham 3:31 AM
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