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Old 09-19-2009, 05:24 PM
 
Location: Great Falls, Montana
4,002 posts, read 3,912,007 times
Reputation: 1398

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Bring Back The Glass-Steagall Act?

Absolutely ... Controls in the banking industry are needed, and Glass-Steagall was the catch-all in that control.

The fact that it worked for so long, over multiple generations, should be an indication to everyone, that the legislation never should have been repealed in the first place.

If the corporate lobby didn't exist, Glass-Steagall would be alive and well today, and we wouldn't be in the fine economic mess we are in.
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Old 09-19-2009, 05:30 PM
 
47,021 posts, read 26,101,826 times
Reputation: 29507
Quote:
Originally Posted by evilnewbie View Post
Wasn't talking about the banking industry... talking about who they made the loans to...
Sounds like we agree that the banking industry was the main beneficiary of G-S being repealed. Good.
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Old 09-19-2009, 05:32 PM
 
20,187 posts, read 23,895,766 times
Reputation: 9284
Of course... that's why we live in an era of corporatism and the recent denial of a public Digial Library was another win for the corporate world to continue to reap our money for no good reason...
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Old 09-20-2009, 02:55 PM
 
Location: the very edge of the continent
89,312 posts, read 45,033,285 times
Reputation: 13785
Quote:
Originally Posted by Dane_in_LA View Post
What? ToE is a description of one specific phenomenon found in nature - it is not a political ethos. You may as well complain that people who describe the effect of cyanide on living beings take offense at being asked to gulp down cyanide themselves.
I disagree. I'm referring to those who believe in darwinism, the theory of evolution, etc., as opposed to those who don't. My position stands:
Quote:
Originally Posted by InformedConsent View Post
It's also strange that left-wingers mock those who choose to believe creationism over evolution (doesn't apply to me, btw, I'm an evolutionist), but then vehemently eschew social darwinism and free market competition in favor of a government 'creator' of artificially forced egalitarianism and a centrally controlled economy.
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Old 09-20-2009, 06:27 PM
 
47,021 posts, read 26,101,826 times
Reputation: 29507
Quote:
Originally Posted by InformedConsent View Post
I disagree. I'm referring to those who believe in darwinism, the theory of evolution, etc., as opposed to those who don't. My position stands:
Believe? As in, in a religious manner? Don't think I've ever come across one.

Darwin defined ToE as a scientific theory to explain the phenomenon of speciation. He never intended it to be the foundation of a political system. While some sure ran with it, I am not aware of anyone doing so in a major way today. Could you give me a name or two? Really, you have me at a loss here.
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Old 09-20-2009, 08:08 PM
 
Location: Imaginary Figment
11,449 posts, read 14,487,832 times
Reputation: 4777
Quote:
Originally Posted by lamexican View Post
If you want to play the blame game remember that it passed Congress with a veto proof majority and Clinton was powerless. Get your facts straight, and stop leaving out half of the story.

Silly little factoids.
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Old 09-20-2009, 08:30 PM
 
Location: Redondo Beach, CA
7,835 posts, read 8,454,322 times
Reputation: 8564
Absolutely, bring it back, and then some!
Quote:
Originally Posted by Motion View Post

If this does happen how will this look since Clinton was the one who repealed it? Does it come off highlighting something Clinton did that contributed to this financial collapse?
The Long Demise of Glass-Steagall.
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Old 09-20-2009, 09:08 PM
 
Location: the very edge of the continent
89,312 posts, read 45,033,285 times
Reputation: 13785
Quote:
Originally Posted by Dane_in_LA View Post
Believe? As in, in a religious manner? Don't think I've ever come across one.

Darwin defined ToE as a scientific theory to explain the phenomenon of speciation. He never intended it to be the foundation of a political system. While some sure ran with it, I am not aware of anyone doing so in a major way today. Could you give me a name or two? Really, you have me at a loss here.
Left-wingers believe in evolutionary Darwinism but not social Darwinism. Why not? Makes them just as hypocritical as they claim the right-wing is.

Here's an example of Obama criticizing Republicans for being "social Darwinists":
Barrack Obama Calls Republicans “Social Darwinists”
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Old 09-20-2009, 10:29 PM
 
47,021 posts, read 26,101,826 times
Reputation: 29507
Quote:
Originally Posted by InformedConsent View Post
Left-wingers believe in evolutionary Darwinism but not social Darwinism. Why not?
You can't be serious. What you call "Evolutionary Darwinism" is a theory conceived to describe and explain how speciation has happened/happens in nature.

It does not follow that it's a good model for anything having to do with how to build a robust set of ethics, let alone arrange a society. The only people to claim so has had their own political agenda to further.

Social Darwinism has been used by the might-makes-right crowd (Left and Right both, btw.) to give their preconceived ideas an undeserved aura of science. It is incredibly convenient for those on top to claim that Nature put them there.

Quote:
Makes them just as hypocritical as they claim the right-wing is.
Not really. Evolution should no more influence politics than, say, plate tectonics.
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Old 09-21-2009, 12:16 AM
 
Location: the very edge of the continent
89,312 posts, read 45,033,285 times
Reputation: 13785
Quote:
Originally Posted by Dane_in_LA View Post
You can't be serious. What you call "Evolutionary Darwinism" is a theory conceived to describe and explain how speciation has happened/happens in nature.

It does not follow that it's a good model for anything having to do with how to build a robust set of ethics, let alone arrange a society. The only people to claim so has had their own political agenda to further.

Social Darwinism has been used by the might-makes-right crowd (Left and Right both, btw.) to give their preconceived ideas an undeserved aura of science. It is incredibly convenient for those on top to claim that Nature put them there.
While that's one way to look at it, I'm specifically referring to the left-wing's abandonment of Social Darwinism in favor of social policies that have actually done more harm than good by helping the "less fit" survive without the need to become responsible for or contributors to their own survival - IOW, sentencing them to the never-ending vicious repetitive cycle of generations of entitlements-dependence. I'm questioning the left-wing's support of perpetuating learned helplessness, if you will.
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