Dec 12, 2024
Adam Smith said of regulation: "If you don't regulate banks, they will steal." I would say that it applies to Wall Street, corporations, and campaign finance as well.
A democracy cannot afford billionaires. Their wealth gives them too much unelected raw power.
The income inequality created by our poorly regulated capitalism is a repeat of the Gilded Age and we have no Teddy Roosevelt to control the oligarchs.