Started with Carter. He signed those first few deregulating bills.

I could be wrong.

Removing regulation Q was the biggest fuck up.

This post was edited by Skinned on Jun 2 2020 05:34am

Really? I always thought it started with Reagan...

Anyway, the idea that deregulation and unleashing casino capitalism was a good plan only became mainstream under Reagan.

https://en.m.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Monetary_Control_Act

Bipartisan president Carter signed this. This law was was a big contributors to the savings and loan crisis because it allowed banks to merge with each other who previously acted differently. Savings in learns tried to act like commercial banks and do things they did and 75% of them failed.

Reagan signed deregulations in 1984. Like 4 years into his term.

Ronald Reagan was an actor guys. And a sociologist but nobody knows that.

Yeah George Bush called it voodoo economics.

That's one free market fundamentalism kind of became a faith. It was a faith among obscure economist prior to this.

This post was edited by Skinned on Jun 2 2020 05:39am

Meanwhile in Paris:



Great social distancing!

https://mobile.twitter.com/seokjincaffe/status/1267881403896692736

This post was edited by Black XistenZ on Jun 2 2020 01:54pm

More French coofers soon.

Few dozens of thousands is pretty big. Exceptional event for the death of a french black guy some years ago...
"Illegal protest"

"Some incidents on the sidelines of the prohibited demonstration for which the police are intervening," tweeted shortly after 9 pm the police headquarters.

/the end. I know some right wing turds would enjoy to point out "riots", "burning car" or others buzzwords tho.


This post was edited by Saucisson6000 on Jun 2 2020 03:39pm

Wonder what's happening there

The true roots go back to the 1960's to a number of supreme court decisions that opened the floodgates for corporate money. Our current state of constant mergers and ever increasing size of business can more or less be traced back at least that far.

my thought was this was a Nixon era thing when he brought all those Corporations to DC. Could be mistaken, as I read about it a LONG time ago and didnt do a deep dive.

I'm out of my depth on that one. It sounds plausible that this philosophy had been brewing for quite some time among expert circles from certain fields. But to the best of my knowledge, the big paradigm shift from the New Deal era (1932-1968, lingering even longer) to the neoliberal era (1980-today) took place over this 12 year period from 1968 to 1980 and didnt come to full fruition until Reagan's election.