Progressive Alternatives To Re-Regulation
Corporations that can either overcome or repeal the regulations that control them should be replaced, not re-regulated. Their replacements should include municipally-owned and electric-powered mass transit systems and worker-owned cooperatives producing the needed equipment and rolling stock. We also need depositor-owned mutual banks and a democratically-controlled development bank. We need a Treasury that holds the Fed democratically accountable for interest rates and foreign exchange rates. We need a network of municipally-owned utilities connected by a power grid owned and operated by the Federal government. These are just some of the progressive alternatives to re-regulation.
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