For years leaders in the National Republican Party – and their extreme right wing supporters – have harped on too much government regulation. It has been sort of a rallying cry for those in Corporate America who finance GOP candidates. Even though the message was intended for that audience primarily, it has had an influence with many in the media. Unfortunately, lots of ordinary citizens have also bought into this political myth. But in reality, over the years, we have had some of the weakest regulation from the federal government of Corporate America that money can buy. Let’s take a look at what that sort of regulation has actually caused in the U.S. We have seen:
Actually both national political parties must share the blame for failing to properly regulate the automobile, drug, oil, food, chemical and mining industries and to monitor their activities. Hopefully, that will soon change. I would like to hear those who believe weak regulation is good for the American people explain how that can be. It’s good for the giants in Corporate America and bad for all consumers.
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