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glasssteagall: Credit crisis philosophical response - new era of regulation coming - 10/09/08 09:49 PM
The Great Depression brought about a philosophical shift in the role of government. The great financial crisis of 2007 - 2008 is having the same result. The conservative call to deregulation, which suits my personal leanings, may have produced the global economic circumstances that bring about an era of massive government regulation and even ownership.
A new socialism as a response to market abuses. I am not qualified to speak of this subject, but it is the direction that my reading is taking me. Here are my thoughts so far. Looking forward to your comments.
Glass Steagall was passed in response to … (7 comments)

 
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