You know how the republicans are constantly going on about "Deregulation" being the key to creating a strong economy?
Well,once upon a time in America's history, we had a completely unregulated economy. During the late 1800s and early 1900s, we had almost no regulations on the economy. Yay, everyone will be prosperous and wealthy! No!
What happened was, essentially, one company in each industry bought out or other wise destroyed all of it's competitors, then bought the rail roads used to ship it's products, then bought the raw material suppliers.they created monopolies, and pretty much could charge as much money as they wanted to.
But worse were the average middle class citizens. They were working in factories, living in private factory communities, being payed amounts less than a dollar a day. The companies had complete control over their lives, If they quit, they had almost no where else to go, and not only that, because they lived in factory housing, they also were out of a house.
Eventually, after many year of unionizing, and getting the government to actually do something, these companies were shrunk down and broken apart.
But the problem remains that if you leave the economy completely unregulated, the strongest (Richest) individuals will rise to the top and control everything, and everyone else will be destroyed.
I personally advocate the system we have set up now as being as close to perfect as were going to get, as soon as we figure out the health care issue. We have a system where the individual is still protected and can be treated fairly, however people can rise above the rest and achieve the fantastic wealth of the top 1%.
Well,once upon a time in America's history, we had a completely unregulated economy. During the late 1800s and early 1900s, we had almost no regulations on the economy. Yay, everyone will be prosperous and wealthy! No!
What happened was, essentially, one company in each industry bought out or other wise destroyed all of it's competitors, then bought the rail roads used to ship it's products, then bought the raw material suppliers.they created monopolies, and pretty much could charge as much money as they wanted to.
But worse were the average middle class citizens. They were working in factories, living in private factory communities, being payed amounts less than a dollar a day. The companies had complete control over their lives, If they quit, they had almost no where else to go, and not only that, because they lived in factory housing, they also were out of a house.
Eventually, after many year of unionizing, and getting the government to actually do something, these companies were shrunk down and broken apart.
But the problem remains that if you leave the economy completely unregulated, the strongest (Richest) individuals will rise to the top and control everything, and everyone else will be destroyed.
I personally advocate the system we have set up now as being as close to perfect as were going to get, as soon as we figure out the health care issue. We have a system where the individual is still protected and can be treated fairly, however people can rise above the rest and achieve the fantastic wealth of the top 1%.
