The Mudcat Café TM
Thread #140645   Message #3239765
Posted By: Don Firth
16-Oct-11 - 06:14 AM
Thread Name: BS: Wall Street Protesters...
Subject: RE: BS: Wall Street Protesters...
Read what I said again, Ake.

Regulated Capitalism.

That means NOT putting members of the particular business or industry on the agency that is supposed to be regulating it. Putting bankers and Wall Street brokers on the Securities and Exchange Commission and putting executives from pharmaceutical companies on the Food and Drug Administration, for example. THAT was Ronald Reagan's contribution to the dismantling of the regulatory agencies that FDR put in place in the 1930s that were a major factor in ending the Great Depression.

I know that as an avowed communist, anything having to do with capitalism is an anathema to you, but the fact is that capitalism works well IF it is properly regulated. I see no historical evidence that communism ever worked well, except on a very small scale.

Don Firth