Topic: deregulation

Mr. & Mrs. Middle Class: You’ve been punked!

By Tom Paine | September 24, 2008 |

You are being told that we must pony up for Wall Street’s mistakes over the past 20 years. You are being told that if you do not it will only cost you more in the long run. You are being told that if you do not do so, the world as we know it will cease to exist. That part, at least, is correct.

For the past twenty years, beginning with the Reagan administration, economic war has been waged on you, the middle class. The champions of the “free market” demanded that all fetters, all regulations, be removed from the market. It was claimed that regulations were bad, that they prevented the market from operating “efficiently”, that the “freer” the market, the more we would all benefit. «Read the rest of this article»

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