Farewell Democracy?

[the2real4mafol]

Mr Khan said:
The other difference is that i hold onto the idea that things can be fixed. Government can be slim and efficacious (similar to the New Democrats' mantra from the 90s). Regulations need to be streamlined without actually being defanged; a leaner, meaner government that's only there to stop public bads from accumulating due to personal actions, and not actually play favorites with various industries or interfere in folks' personal lives (except where their personal lives are outwardly harmful).

Modernization is always going to be chaotic, but you never really see the benefits of modernization spread until the regulatory body steps in, like in America, where the gilded age of the late 19th century was followed by the universal prosperity of the 20th with the help of a growing regulatory docket. Obviously overreaction is going to be counter-productive (to speak nothing of the inherent systemic flaws of outright Communism), but reaction needs to be there. Free markets will always be taken advantage of by the unscrupulous, leading to widespread misery.

The only real reason people see corporations as evil now more than before is because of the economy. We ordinary people are losing our houses, jobs, everything... while they get more and more profit. It frustrates people, it frustrates me. But, it the big flaws of capitalism like widening inequality and unemployment that only become obvious in recession. If the "free" market was thinking of long term profit rather than the quickest buck it can make, i'm sure things would be fine. It don't help when government seemingly encourage such short term profit through tax cuts and deregulation (especially during Reagan's and Bush Jr's terms). A certain level of governance is necessary at home, through tax rates, regulation and even nationalisation for some key industries. What Obama (and most modern leaders) are doing won't help the economy. This bill would make cause monopolies such as Monsanto to happen more often rather than create free trade and remove necessary regulation key to our quality of life.