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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (71518)	5/9/2012 6:51:16 PM
From: DuckTapeSunroof	Respond to of 103300

Re: "I'm a capitalist within limits. Certainly nobody wants to go back to the Robber Baron days but I think we have with these too big to fail companies. Seems to me any company that is too big too fail has to be in monopoly territory or close enough. Might be time to rewrite the Sherman Antitrust Act to get more companies to fall under it's watch. Getting rid of Glass Steagall, as soon as I read it, knew a disaster was in the making. Sure enough...when is the last time you saw a company broken up under the Sherman Antitrust Act? I think that's the real problem." Highway Robbery is a form of 'capitalism' I suppose.... (I mean actual highway robbery, stopping traffic and relieving folks who travel on the road you control of their valuables. Asserting greater power to profit from individuals with lesser power. :-) But free markets perform BEST, (and reward society the most), when there are clear and sensible rules fairly enforced for everyone, for all market players. Otherwise advantages (monopoly power) are grabbed and maintained by whomever has the power to do so... to the detriment of society and indeed of the functioning of markets themselves. PS --- I believe you were 100% right about Glass Steagall and the Sherman Antitrust Act. I certainly think our society and economy got along just fine for the many decades that Glass Steagal was in effect... but not so much before it was put into place nor after it was removed. (And many new enterprises were spawned, and the economy benefited and functioned more effectively, in the years after Sherman broke up the biggest Monopoly Trusts.)