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What is deregulation?The shit that allowed Clear Channel to systematically take over every radio station in the country, and force crap like Maroon 5 and Britney Spears into our ears over and over and over and over and over... Me: Shit, nigga... Thanks to the FCC and their deregulation of the airwaves (plus a nice little bribe), Clear Channel has taken over the country and is ruining radio! deregulation - meme gifderegulation - videoDeregulation - what is it?If you hear this word mentioned in a positive light, odds are someone rich is talking. "Deregulating the __________ industry is essential to promote competition and stimulate the economy." What does "deregulation" mean?What American political conservatives believe is best for the American economy, especially in the industry of finance, even though it is best known for delivering excessive profits during periods of economic growth, high unemployment once the economy stalls, and ever-widening levels of economic inequality. It also makes white-collar crime much easier. In 1999, led by conservative Republican Senator Phil Gramm from Texas, the U.S. Congress repealed the Glass-Steagall Act, which has stood since 1934 in an act of deregulation. Those 65 years were marked with steady economic growth and economic crises that were very mild, at worst. Since 1999, commercial banks started gambling with depositors' money, and this then created a culture of excessive risk-taking on Wall Street that turned it into a casino that eventually crashed the worldwide economy in 2008. |
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