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by Shivetya
4484 days ago
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Deregulation didn't create the wealth gap. Government regulation favoring aligned interest (read: political donors) created a regulatory environment with sufficient holes and guarantees to allow this accumulation of wealth. Go look at the history of Congress, how many come out richer or become vastly richer afterward? Deregulation does work in many industries, regulation should never be a barrier to entry into an industry but that is what it has evolved into. It is not there to keep the public safe, to ensure pricing, or even to maintain consistency of service, it is there to protect established interest and their political backers/beneficiaries. |
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