Wednesday, October 08, 2008

"Deregulation" - not working out as promised

Well, this is joy. My natural gas bill is way up, my investments are way down, and I'm learning that this is because of "deregulation". Eliminate the rules on how to treat customers and how to structure deals, and those wonderful CEOs and corporations will make life wonderful for everyone. Yeah, that's not such a good idea, is it?

As it turns out, voluntary self-regulation is about as effective as voluntary taxes or voluntary speed limits. Most especially for CEOs and other such entities, who are literally required by their job (if not their personality) to make as much profit as possible by any means they can get away with. Remember that key phrase - any means they can get away with. If it isn't explicitly illegal, they consider it OK. If it is illegal, they have to be really careful.

And yet there are still some people who just don't get it, still parroting the party line that deregulation is good. In addition, they actually want to put our Social Security into the stock market! Yeah, the stock market is a great "safety net", isn't it? I've lost about $20,000 in the last week alone, and I'm told it will get much worse.

Remember everything that's happening right now. The next time someone talks about how much we need deregulation, you should immediately realize that either he's an idiot, or he's hoping you are. Or both.

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