Because most Wall Street regulations are fake as fuck, and riddled with Liberal crafted loopholes to protect their big donors. Think about it, Warren Buffett and George Soros are two examples of extremely rich investors with close ties to the left. In fact, Buffett basically invented the notion of "too big to fail."
Actually, arguments against deregulation are basically only a Left thing, whether it's democrats or RINOs (Republicans In Name Only). Regulation doesn't curb corruption, it just hides it. Corruption is dismantled by the free market automatically, and no nation has had a free market in the last century, probably longer.
The difference I'd have to point out is that Buffett and Soros have championed regulation and benefited from the pay to play, command economy we live in, where the FTC, FCC, FDA, EPA, etc. act as the planning board, picking winners and losers as they see fit. DeVos and Adelson seek to deregulate two markets (education for DeVos, gambling for Adelson) that are lorded over by our coastal overlords. They're champions of deregulation, while Buffett and Soros publicly demonize capitalists while in reality working to eliminate their competition by changing the rules.
[–] therealkrispy ago
Because most Wall Street regulations are fake as fuck, and riddled with Liberal crafted loopholes to protect their big donors. Think about it, Warren Buffett and George Soros are two examples of extremely rich investors with close ties to the left. In fact, Buffett basically invented the notion of "too big to fail."
[–] Gerplunckamo [S] ago
I fail to see how deregulation is a partisan issue.
See how easy that was?
[–] therealkrispy ago
Actually, arguments against deregulation are basically only a Left thing, whether it's democrats or RINOs (Republicans In Name Only). Regulation doesn't curb corruption, it just hides it. Corruption is dismantled by the free market automatically, and no nation has had a free market in the last century, probably longer.
The difference I'd have to point out is that Buffett and Soros have championed regulation and benefited from the pay to play, command economy we live in, where the FTC, FCC, FDA, EPA, etc. act as the planning board, picking winners and losers as they see fit. DeVos and Adelson seek to deregulate two markets (education for DeVos, gambling for Adelson) that are lorded over by our coastal overlords. They're champions of deregulation, while Buffett and Soros publicly demonize capitalists while in reality working to eliminate their competition by changing the rules.