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originally posted by: GiulXainx
If only capitalism had some moderation to prevent the savage nature of it from running rampant.
Beginning in Reagan’s first term, antitrust enforcement all but ended.
the Securities Exchange Act in 1934. The act was a reaction to a host of unscrupulous activities that had fueled speculation in the Roaring ’20s, leading to the stock market crash of 1929 and the Great Depression. To prevent such shenanigans, the act gave the SEC broad powers to issue rules and regulations.
During the Reagan years, the SEC began to roll back those rules.
Companies have been allowed to repurchase their shares on the open market with virtually no regulatory limits since 1982, when the SEC instituted Rule 10b-18 of the Securities Exchange Act.
As a result, the very people we rely on to make investments in the productive capabilities that will increase our shared prosperity are instead devoting most of their companies’ profits to uses that will increase their own prosperity—with unsurprising results.
Corporate profitability is not translating into widespread economic prosperity.
originally posted by: Annee
They've upgraded their food. They now carry organic and have a lot more health conscious foods.
Most people don't understand all the different brands are owned primarily by 3 large corporations. Mom-Pop stores can not compete in any market. If you want to own your own business, franchise.
I'm a progressive futurist, so I support evolving.