> Capitalism makes capitalism hard to appropriately regulate. Concentration of capital means concentration of power.
And yet many countries have a better handle on it than the USA. I just never, ever buy into the whole "it's to hard for America to do a thing that other countries do". I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.
The general trend has been towards deregulation, and capital concentration, almost everywhere for decades. US is just ahead.
The talk in EU is now that we have to ease regulation because we can't compete with countries with laxer regulation. The same race to the bottom has happened in e.g. taxes and labor protections ever since capital controls were lifted.
> I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.
I sure hope so but I can't really see it happening. The whole US political system seems to be FUBAR, largely because the concentrations of capital bought it.
And yet many countries have a better handle on it than the USA. I just never, ever buy into the whole "it's to hard for America to do a thing that other countries do". I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.