Deregulation guts mid sized corporations and leaves only a few

[applegrove]

huge corporations and a whole lot of smaller business in an industry. Once this has taken place there will be no upward mobility for business. The huge guys will dominate. The small businesses will carve out small markets for themselves. But never the twain shall meet (unless a small business in one industry gets swallowed up by a big guy). It is why there was a financial bailout of big banks. Right now is America's chance to dominate world financial markets. If Obama/bush had let the big american banks fail there would have been no way American banks could then dominate world financial markets. The world is integrating right now. Deregulation is well on its way to being done and there will be little upward mobility for smaller banks.

[sakabatou]

1. We saw this happen with California's energy corporations

Now it's just PG&E(vil) raising rates again and again.

[RKP5637]

2. Yep, I've heard that before someplace that it had more to

do with huge American banks being enabled to dominate world financial markets. You wrote a good short synopsis of it all. Thanks!

[elleng]

3. or upward mobility for 'smaller' folks, that is, most of us,

who depend on competition in markets to enable us to survive.

Regulation is necessary, for markets and individuals to survive.

[applegrove]

6. And allowing corporations to exist is a regulation to increase upward mobility for people with a

little bit of money or someone with a good idea to get money. But will we see the GOP try and do away with those laws? Nope. The legality of unions are regulations too by the way, that help upward mobility for the worker.

[Zorra]

4. Absolutely. I could not agree more.

We cannot stand by idly while powerful economic engines -- virtually unregulated corporations -- violate workers' rights, human rights, and the environment, sweeping aside antitrust laws, eliminating competition.

We need a new relationship between our government and corporate America, an arms-length relationship, so that our elected leaders are capable of independently affirming and safeguarding the public interest. Just as our founders understood the need for separation of church and state, we need to institutionalize the separation of corporations and the state. This begins with government taking the responsibility to establish the conditions under which corporations can do business in the United States, including the establishment of a federal corporate charter that describes and clearly delineates corporate rights and responsibilities.

Corporations must be compelled to pay a fair share of taxes. If corporations shift profits offshore to avoid paying taxes, they should not be permitted to operate in the United States. The decrease in corporate tax responsibility is an indication of the rise of corporate power. Corporations pay three and half times less in taxes now than they did in the 1950s. Working families have to make up the difference.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x3204894

[FreakinDJ]

5. You just now figured that out

You forgot to mention the mergers were funded through the looting of Private Pension funds