When he deregulated the banks he gave a blank check to a bunch of third raters who’d gone to small time banks because they knew they couldn’t cut it anywhere else.
and congress had numbers, overwhelming numbers. it was a bi-partisan bill that passed 362-57 & 90-8. it was gonna happen with or without his signature.
Seriously? It’s about posterity. It’s about this exact argument that we are having right now.
Make them work for it, and make them go on record forever that they support it. I can only assume Clinton himself supported it since he signed it into law when he could have vetoed it.
I mean obviously, but they only exist because of the absolute machine of propaganda carefully designed to create exactly that deranged mindset. Chicken and egg thing.
If I ever invent a time machine, I’m making a few pit stops on my way back in time to cap Hitler, and Milton Friedman and his friends are on the list. He’s the misanthrope who popularized the idea that the only duty of a company’s leadership is to deliver profit, and any other pursuit is a disservice to the shareholders. This is known as the Friedman Doctrine.
The MBAs are making use of the math associated with risk management. An MBA with a flat tire teleworks for the day or takes a second car to work while a mobile mechanic service fixes the tire. A shift worker misses the shift and potentially loses the job for not finding someone to cover the shift.
MBAs who need a wrench can buy whichever wrench they want because they can afford it: a low end wrench if they need it to work once, a mid tier wrench if they’re looking for a mix of quality and cost, or a high end wrench if they like to buy it for life. A shift worker buys what they can afford and has to pray it doesn’t break because prayer is the only insurance they can afford.
A shift worker can’t afford a better wrench because a team of economists, psychologists, and political scientists have calculated exactly how low they can pay a person and keep the economy from grinding to a halt. An MBA eats lunch for $15 every day because nobody charges them $150.
We let the MBAs take over. Our culture has been consumed by the idea that it’s ok to say and do absolutely anything in the pursuit of a dollar
Thank Reagan.
When he deregulated the banks he gave a blank check to a bunch of third raters who’d gone to small time banks because they knew they couldn’t cut it anywhere else.
Reagan fucked everything up, of course, but we cannot forget about Bill Clinton overseeing the repeal of the Glass-Steagall Act
https://en.wikipedia.org/wiki/Glass–Steagall_legislation
Clinton had a GOP Congress.
If you want a lesson, it’s vote in every election and always mark your ballot to hurt the GOP worse.
Clinton had veto power.
and congress had numbers, overwhelming numbers. it was a bi-partisan bill that passed 362-57 & 90-8. it was gonna happen with or without his signature.
Cool. Then make them do it.
What’s the point in that?
Seriously? It’s about posterity. It’s about this exact argument that we are having right now.
Make them work for it, and make them go on record forever that they support it. I can only assume Clinton himself supported it since he signed it into law when he could have vetoed it.
Except it was passed overwhelmingly. Veto would’ve delayed the inevitable and been amazingly politically stupid.
https://en.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
Oh I guess in that case they just shouldn’t bother vetoing? Yeah no fuck that.
Thank the people who vote for a piece of shit multiple times just to ‘own the libs’
I mean obviously, but they only exist because of the absolute machine of propaganda carefully designed to create exactly that deranged mindset. Chicken and egg thing.
If I ever invent a time machine, I’m making a few pit stops on my way back in time to cap Hitler, and Milton Friedman and his friends are on the list. He’s the misanthrope who popularized the idea that the only duty of a company’s leadership is to deliver profit, and any other pursuit is a disservice to the shareholders. This is known as the Friedman Doctrine.
i think you could make a case for Edward Bernays too
Added to the stops. This is going to be a busy fieldtrip through time.
The MBAs are making use of the math associated with risk management. An MBA with a flat tire teleworks for the day or takes a second car to work while a mobile mechanic service fixes the tire. A shift worker misses the shift and potentially loses the job for not finding someone to cover the shift.
MBAs who need a wrench can buy whichever wrench they want because they can afford it: a low end wrench if they need it to work once, a mid tier wrench if they’re looking for a mix of quality and cost, or a high end wrench if they like to buy it for life. A shift worker buys what they can afford and has to pray it doesn’t break because prayer is the only insurance they can afford.
A shift worker can’t afford a better wrench because a team of economists, psychologists, and political scientists have calculated exactly how low they can pay a person and keep the economy from grinding to a halt. An MBA eats lunch for $15 every day because nobody charges them $150.