[Peace-discuss] Cockburn on deregulation

[C. G. Estabrook]

"By all rights, this last crisis has brought us to the crossroads where
neoliberalism should be buried with a stake through its heart.  We’ve had thirty
years worth of deregulation – the loosening of government supervision. This has
been the neoliberal mantra preached by both major parties, the whole of the
establishment press and almost every university economics department in the
country. It is central to the current disasters. And if you want to identify
symbolic figures in the legislated career of deregulation, there are no more
resplendent culprits than the man at McCain’s elbow, Phil Gramm, and the man
standing at Obama’s elbow at his press conference, Robert Rubin."


mark bee wrote:
> I thought it might be useful to post this here where folks can get some use
> out of it.  Been doing a little digging on our current deregulation "crisis",
> and apparently "whiners" authority Phil Gramm (recently fired from
> co-chairing McCain's campaign and probably still his pick for Treasury
> Secretary) has his fingerprints all over it.  It's amazing what you can do
> with Google these days.
> 
> Wonder why we don't see this in the media - even the progressive media? ;)
> 
> http://losangeles.injuryboard.com/miscellaneous/the-subprime-mess-and-phil-gramm-an-experiment-in-deregulation.aspx?googleid=242468
> 
> 
> or
> 
> http://tinyurl.com/5lh83s
> 
> Also:
> 
> http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
> 
> And who voted for it:
> 
> http://www.govtrack.us/congress/bill.xpd?bill=s106-900#votes
> 
> Whatever progressive reforms you favor, the money that would have paid for
> them is still in the process of being shunted to the investor class as we
> speak.
> 
> But who to tell?
> 
> Call Amy Goodman!   =)
> 
> 
> 
> 
> 
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