User Tag List

+ Reply to Thread
Results 1 to 7 of 7

Thread: Trump admin's zeal to peel back regs is leading us to another era of robber barons

  1. #1
    Points: 4,674, Level: 16
    Level completed: 21%, Points required for next Level: 476
    Overall activity: 5.0%
    Achievements:
    5000 Experience PointsSocialTagger Second Class1 year registered
    Trish's Avatar Advisor
    Karma
    6031
    Join Date
    Nov 2016
    Location
    Earth
    Posts
    1,558
    Points
    4,674
    Level
    16
    Thanks Given
    840
    Thanked 1,162x in 729 Posts
    Mentioned
    34 Post(s)
    Tagged
    0 Thread(s)

    Trump admin's zeal to peel back regs is leading us to another era of robber barons

    The Trump administration has a clear economic objective: deregulate. Loosening regulations on industries, the White House believes, will lead to faster growth and more jobs. This is the stated reason for pulling the U.S. from the international climate accord, and the economic justification for seeking to rescind the EPA Clean Power Plan that limits carbon emissions from plants.But an examination of history shows that government regulations are not always harmful to industry; they often help business. Indeed, government regulation is as central to the growth of the American economy as markets and dollars.

    Historians of the period
    like me have, in fact, shown that the progressive era regulations often helped businesses by providing them with a more stable, predictable economic environment, where government regulations enabled increased capital investments and expanded consumer purchases. Progressive regulations of the robber baron market were good for businesses and consumers.

    The same is true for regulations a century later. Government activities to ensure competition, transparency and safety in various industries give the American economy stability almost unparalleled in any other country.

    This is not to say that all regulation is good. Sometimes regulation chokes innovation by slowing change and prohibiting risk taking. This was evidently true for regulated monopolies in mid-20th-century America, including the venerable
    Bell telephone company.

    What the United States needs is less ideology and more detailed attention among politicians to matching regulatory processes with public purposes. That was, of course, the
    goal of the progressives more than a century ago. If we dont return to their model, chances are we will continue the current drift into another age of robber barons.

    https://theconversation.com/trump-ad...r-barons-84961
    I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.
    Marilyn Monroe

  2. The Following 2 Users Say Thank You to Trish For This Useful Post:

    Captain Obvious (10-12-2017),IMPress Polly (10-12-2017)

  3. #2
    Points: 52,994, Level: 56
    Level completed: 24%, Points required for next Level: 1,456
    Overall activity: 5.0%
    Achievements:
    SocialYour first Group50000 Experience PointsVeteran
    IMPress Polly's Avatar Senior Member
    Karma
    152726
    Join Date
    Aug 2012
    Location
    Vermont, USA
    Posts
    4,460
    Points
    52,994
    Level
    56
    Thanks Given
    4,848
    Thanked 4,146x in 2,377 Posts
    Mentioned
    471 Post(s)
    Tagged
    0 Thread(s)
    Though the above is taken from a centrist position that I don't agree with, it's central point that the current political trends are leading us to "another age of robber barons" is one I definitely find to be accurate. Don't believe me? Check it out: company towns are back! Remember those from the Gilded Age?! (Remember a certain name frequently cited in that article, by the way: Mark Zuckerberg. He could be our next president!)

    Companies buying whole communities really bothers me. In our globalized age where companies can grow much larger than they could back in the 19th century, their re-emergence could even just be the beginning! We could eventually be looking at a scenario where companies grow powerful enough to start buying whole states and provinces, and even nations! That would be the final step in establishing a modern, capitalist feudal order. If feudalism is essentially a situation in which the government is privately owned (perhaps by a particular family, religious institution, or general, for instance), then ownership of governments by particular corporations would mark the establishment of a new, modern brand of feudalism. That's one serious possibility as to where things may ultimately be headed on a much larger scale than towns, I fear. We may well be in a transitional stage thereto right now, methinks.
    Last edited by IMPress Polly; 10-12-2017 at 01:06 PM.

  4. The Following User Says Thank You to IMPress Polly For This Useful Post:

    Trish (10-12-2017)

  5. #3
    Original Ranter
    Points: 249,451, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.8%
    Achievements:
    SocialRecommendation Second Class50000 Experience PointsOverdriveVeteranYour first Group
    Captain Obvious's Avatar Senior Member
    Karma
    768550
    Join Date
    Jun 2011
    Posts
    72,188
    Points
    249,451
    Level
    100
    Thanks Given
    25,256
    Thanked 34,690x in 23,556 Posts
    Mentioned
    926 Post(s)
    Tagged
    1 Thread(s)
    Early on I sort of predicted this when I was asked what I realistically expect from Trump.

    One of my criticisms was that he is going to be a disaster for environmental issues because he is backed by the crony capitalist crowd and this is one of the major issues I have with capitalism. The poor and middle class for that matter bear the TRUE cost of capitalism while the privileged wealthy reap all of the benefits.

    And the beat goes on.
    my junk is ugly

  6. The Following 2 Users Say Thank You to Captain Obvious For This Useful Post:

    IMPress Polly (10-12-2017),Trish (10-12-2017)

  7. #4
    Points: 2,765, Level: 12
    Level completed: 29%, Points required for next Level: 285
    Overall activity: 22.0%
    Achievements:
    1000 Experience Points3 months registered
    Captdon's Avatar Senior Member
    Karma
    597
    Join Date
    Aug 2017
    Location
    South Carolina now.
    Posts
    1,243
    Points
    2,765
    Level
    12
    Thanks Given
    508
    Thanked 587x in 421 Posts
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Though the above is taken from a centrist position that I don't agree with, it's central point that the current political trends are leading us to "another age of robber barons" is one I definitely find to be accurate. Don't believe me? Check it out: company towns are back! Remember those from the Gilded Age?! (Remember a certain name frequently cited in that article, by the way: Mark Zuckerberg. He could be our next president!)

    Companies buying whole communities really bothers me. In our globalized age where companies can grow much larger than they could back in the 19th century, their re-emergence could even just be the beginning! We could eventually be looking at a scenario where companies grow powerful enough to start buying whole states and provinces, and even nations! That would be the final step in establishing a modern, capitalist feudal order. If feudalism is essentially a situation in which the government is privately owned (perhaps by a particular family, religious institution, or general, for instance), then ownership of governments by particular corporations would mark the establishment of a new, modern brand of feudalism. That's one serious possibility as to where things may ultimately be headed on a much larger scale than towns, I fear. We may well be in a transitional stage thereto right now, methinks.
    Name a company town. Just one.

  8. #5
    Original Ranter
    Points: 431,805, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 86.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar Advisor
    Karma
    406399
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    133,656
    Points
    431,805
    Level
    100
    Thanks Given
    77,025
    Thanked 57,368x in 39,616 Posts
    Mentioned
    2095 Post(s)
    Tagged
    0 Thread(s)
    Some political scientists think global corporations are slowly edging national governments out.

    Quote Originally Posted by IMPress Polly View Post
    Though the above is taken from a centrist position that I don't agree with, it's central point that the current political trends are leading us to "another age of robber barons" is one I definitely find to be accurate. Don't believe me? Check it out: company towns are back! Remember those from the Gilded Age?! (Remember a certain name frequently cited in that article, by the way: Mark Zuckerberg. He could be our next president!)

    Companies buying whole communities really bothers me. In our globalized age where companies can grow much larger than they could back in the 19th century, their re-emergence could even just be the beginning! We could eventually be looking at a scenario where companies grow powerful enough to start buying whole states and provinces, and even nations! That would be the final step in establishing a modern, capitalist feudal order. If feudalism is essentially a situation in which the government is privately owned (perhaps by a particular family, religious institution, or general, for instance), then ownership of governments by particular corporations would mark the establishment of a new, modern brand of feudalism. That's one serious possibility as to where things may ultimately be headed on a much larger scale than towns, I fear. We may well be in a transitional stage thereto right now, methinks.
    Alea iacta est

    Check out the blog.


  9. The Following User Says Thank You to Peter1469 For This Useful Post:

    IMPress Polly (10-13-2017)

  10. #6
    Points: 4,674, Level: 16
    Level completed: 21%, Points required for next Level: 476
    Overall activity: 5.0%
    Achievements:
    5000 Experience PointsSocialTagger Second Class1 year registered
    Trish's Avatar Advisor
    Karma
    6031
    Join Date
    Nov 2016
    Location
    Earth
    Posts
    1,558
    Points
    4,674
    Level
    16
    Thanks Given
    840
    Thanked 1,162x in 729 Posts
    Mentioned
    34 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Captdon View Post
    Name a company town. Just one.
    Here are two that I think are considered company towns:

    Menlo Park, CA (facebook)
    Orlando, FL (Disney)
    I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.
    Marilyn Monroe

  11. The Following User Says Thank You to Trish For This Useful Post:

    IMPress Polly (10-14-2017)

  12. #7
    Original Ranter
    Points: 431,805, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 86.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar Advisor
    Karma
    406399
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    133,656
    Points
    431,805
    Level
    100
    Thanks Given
    77,025
    Thanked 57,368x in 39,616 Posts
    Mentioned
    2095 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Captdon View Post
    Name a company town. Just one.
    Facebook and Google are planning for their own company towns.
    Alea iacta est

    Check out the blog.


  13. The Following 2 Users Say Thank You to Peter1469 For This Useful Post:

    IMPress Polly (10-14-2017),Trish (10-12-2017)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO