When America's anti-trust laws were first passed, they were used aggressively to break up railroads and other conglomerates. Later, they were used to break up AT&T. Today, we have businesses that are "too big to fail." In my best Andy Rooney voice I want to ask, "Why is that?"
It seems that some businesses today, most notably financial institutions, are not only too big to fail, but also too big to pay federal taxes. Again, "Why is that?"
Why are we not dusting off the old anti-trust laws? Why are we allowing Wall Street to direct the economy, usually to our detriment?
And while I'm at it:
-- Why do we let speculators virtually double the price of gas at the pump, when there is clearly no oil shortage?
-- Why do we use corn for fuel when so many people around the globe are starving?
-- Why do we permit banks to sit on their assets when we need to have that money pumped into the economy? Especially when we were the ones who bailed them out?
Just askin'.
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1 comment:
Why?
Because those of us willing to ask those tough questions don't have the power or the financial means to make the PTBs do the right thing.
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