Still think it's democracy?

[Mindflayer]

http://www.independent.co.uk/news/busin ... 64091.html

I think I've made my stance on corporate power over our "democracies" very clear. I think I've also made my stance on why I think the OWS movement has some credence. I believe that the "53%" and many of the other movements just do not understand the danger to this grand experiment we call the United States of America this consolidation of power represents.

[dorminWS]

The problem (and I heartily agree there is one) is not so broad as "corporations", or even "banks". The problem is caused by those operating units of banks and other entities in the financial sector that engage in speculative, very risky activities that do not contribute directly to the formation of or generation of return on capital, but siphon off wealth from the process. Generally speaking, it's occurred to me that if they'd turn back the regulatory clock to the mid-70s or so it would go a long way toward cleaning up the mess. (Of course, you'd have to adjust things for the passage of a third of a century, but most of you who've rubbed elbows much with banks, brokers and other denizens of the world of money and banking get the idea.) But you'd have a lot of hothouse MBAs that didn't learn much in B school except how to game the system sniveling around about becoming destitute and being unemployable. But that'd be OK with me because they would be the 10 or 15 percent of the so-called "one percent" that don't deserve the outlandish incomes they acheive. Just the personal opinion of an old-time cash-flow mechanic.