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4. We got out of the last one by people repudiating the greed and transfer of wealth
Fri Nov 23, 2012, 12:14 PM
Nov 2012

Certainly the process started back in the 80s (possibly the 70's). The last Gilded Age ended with the Wall Street crash and the great depression, which was followed by more stringent regulation of the financial sector of our economy.

Both parties, but primarily driven by the right, worked to dismantle that regulation, which was an important safeguard, in the interim. They began to succeed more in the 80s onward, including the repeal of Glass Steagall in the 90s.

We can do restore regulation and a more equitable distribution of wealth, or we can go through the final disaster / tipping point of failed policies.

I vote for regulation and an equitable redistribution of wealth, by ending the flow from the 99% to the 1%.

Hopefully, the loss by Romney/Ryan means a lot of people agree.

NO New Gilded Age, Thank You... [View all] Dog Gone at Penigma Nov 2012 OP
Right, What We Have Now Is Iggy Nov 2012 #1
It is a choice Dog Gone at Penigma Nov 2012 #2
Really? Iggy Nov 2012 #5
Of the two groups, who do you think wants that more? Dog Gone at Penigma Nov 2012 #6
Sorry, Sherman A1 Nov 2012 #3
We got out of the last one by people repudiating the greed and transfer of wealth Dog Gone at Penigma Nov 2012 #4
Latest Discussions»Issue Forums»Editorials & Other Articles»NO New Gilded Age, Thank ...»Reply #4