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After Saying Clinton Is ‘Owned’ By Wall Street, Trump Proposes A Ban On All Financial Regulation

#64

Quote:Jesus people, are you being deliberately obtuse? You asked for examples where no regulations=monopolies so I mentioned the trust busting of Roosevelt & I mentioned Standard Oil, both of which were the direct result of companies taking advantage of the lack of regulations to impose a monopoly and effectively destroy the free market.


Standard oil exploited bad state regulations and used wealth to influence and manipulate legislative advantages over competition. They didn't thrive because of a lack of rules and regulations they thrives because they figured out how to manipulate the rules with a board of trustees.


Don't get me wrong I don't advocate anarchy, of course some regulations are necessary to guide a free market. But TAM is arguing that regulations prevent a consolidation of power when in reality regulations are more often used to consolidate power.
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After Saying Clinton Is ‘Owned’ By Wall Street, Trump Proposes A Ban On All Financial Regulation - by EricC85 - 08-13-2016, 11:25 PM



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