Can you acknowledge that the Private Sector embodied by wall street, big banks and the credit industry are largely responsible for our economic troubles?
If so, can you acknowledge that without government regulation the private sector would run amok?
If not, what is there to stop the private sector from reforming into the Robber Barons of old as represented by the Rail Roads, J.P. Morgan, Joseph Kennedy, Standard Oil and Carnegie steel. Current manifestations being Enron, AIG, bank of America and other corporations to large to fail.
Comment: These are the representations of uncontrolled greed and aver-us. This is the Private Sector who would employ, house and provide the company store all the while orchestrating a monopoly and price fixing for the rest of the nation for their own personal profit.
Without government regulation and anti-trust laws we all would be at their mercy, of which they have none, except on Christmas.
So I ask you, if you are not in favor of government regulation what will restrain the private sector and what will serve the public good?
the bruce
