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by CWuestefeld 5362 days ago
I stated explicitly that the bankers had bribed the politicians.

It seems to me that it was mutual, sort of a ouroboros snake swallowing its tail. Just as we could say that bankers offered promises to politicians in order to secure favorable regulations, so did the politicians offer favorable regulation in order to secure their own re-election. As far as I can see, they're two sides of the same coin.

That being the case, it doesn't make sense to demand that the politicians wield great power in order to exercise greater control over the bankers. We know that the politicians are corrupt, so why would we give them more power?