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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (63667)	5/9/2005 2:56:40 AM
From: Raymond Duray	Read Replies (1) of 74559

Re: We need to deal away with the mafias that controls government. You just don't get it, do you? Bush IS the mafia. He is a war criminal. Unlike you, I don't have the benefit of seeing how corruption ruined Brazil in the past few decades. I've had the opposite impression here in the U.S.A. where we used to have a fairly honest well-regulated variety of capitalism that worked for the people. This was a legacy of all the regulation that came in in the 1930s when Franklin Roosevelt decided to save capitalism from its own worst excesses. Ever since Ronald Reagan came in with all his phony "de-regulation" propaganda, the rate of corporate scandal and government bailouts has literally skyrocketed. As far as corruption is concerned, I'll take a government civil servant on the take versus a self-dealing CEO any day. The corruption possible with your "free market" approach is exponentially exacerbated by the lack of regulation. Just look at the Enron mess, for example: enronmovie.com De-regulation has been responsible for more thievery of the American public than any other cause I'm aware of in the past two decades. And you want more of this? Sheesh! Gimme a break. * As far as innovation within the telecommunications industry, your example is interesting, but it is irrelevant to what I see going on in America today. As you know from reading Frank Coluccio's thread, it is the incumbent and entrenched private** telephone companies who are deviously trying to do everything in their power to stop local governments from picking up the slack on broadband connectivity as the ILECs continue to stall and abort the development of high-speed Internet connectivity in hundreds of cities across America. Don't try to tell me that these governments attempting to do what private industry is utterly failing to do makes government look bad. That would be insane for you to say something like that.

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