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21 August 2011 @ 10:33 am
Today's must read  
Unchecked corporate power? Growing income inequality? Today's politicians are forgetting the lessons we learned in the age of the robber barons, when rampant capitalism threatened the very fabric of our nation. (I'm a sucker for the Sherman Antitrust Act.)

 
 
Selkiselki on August 21st, 2011 03:41 pm (UTC)
"The principle underlying measures such as the Sherman Antitrust Act (1890), the Pure Food and Drug Act (1906) and the Glass-Steagall Act (1933) — which insured bank deposits and separated investment from commercial banking — was that government was responsible for protecting society against the shortcomings of a market economy. The profit motive could not always be counted on to serve the public’s welfare. "

Hear, hear.