The right-wing justices declared open season on regulations that don’t just protect the environment, health, and safety, but the economy too.
X marks the despot, hackivists fight the power, and more hot flashes from media land
Carter and Long make a compelling case that it was the FDIC, the SEC and the Federal Reserve that brought the banks down, by a coordinated, extrajudicial “war on crypto” that blocked that otherwise-legal industry from acquiring the banking services it needs.
MAGA mega-donor Peter Thiel, the leading Silicon Valley libertarian who promoted cryptocurrency and floating tax refuges beyond the reach of government, wrote in 2009 that democracy is no longer compatible with freedom
These bank failures were entirely avoidable if Congress and the Fed had done their jobs and kept strong banking regulations in place
The essence of neoliberalism is to promote classical capitalism and remove the State from its role as regulator and controller, and create a huge increase in income and wealth inequality.
Ultimately it is crisis-ravaged real estate where Blackstone seeks to continue to find a goldmine while anchored by generous political contributions and fueled by desperation capital pouring out of central banks and governmental treasuries.
As fewer people remain able to afford rent in big cities, more leave those cities for cheaper regions, or simply fall out of the housing market and into homelessness. Think tanks and activist groups are thinking outside the box with solutions.
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
Spread the word