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Showing results for tags 'Regulation'.
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Hello fellow Liberals and Progressives! I was outraged by the Justice Department's decision to let HSBC off the hook with a fine. They have helped to launder money for violent gangs and America's enemies, with full knowledge of what they were doing and complete disregard for the law. I believe we are setting a bad precedent by letting them off the hook with a fine. By doing so, we are sending the message to other banks that "no matter what you do, or how many times you are warned, you will never be criminally prosecuted." Help me in sending a message by signing the petition to prosecute HSBC, and tell everyone you know and love to sign as well. Here is the link: http://wh.gov/oiCC Here is the link to the original article on HSBC: http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214 Thank you!
The Insidiousness of Unchecked Capitalism Americans sometimes have difficulty recognizing the insidiousness of unchecked capitalism – the insidiousness of the belief “greed is good.” Unchecked capitalism can be characterized by capitalism that is unregulated and callous, ruthless, or corrupt. A belief that capitalism can do it all denies the belief “it’s not all about me” that comes with morality, responsibility, and religion. A belief that capitalism can do it all also ignores the need for a healthy competition achieved through regulation. For example, leaders in industry have previously expressed a desire to be regulated by government to achieve fairness in environmental regulation, since being under a system that relies on companies voluntarily purchasing pollution-reducing technology means those that do so are at a financially competitive disadvantage to those that don’t. Without this regulation, a prevailing business environment lacking in restraint is fostered. In addition, a belief that capitalism can do it all denies a greater good that goes beyond mere greed being good. It therefore denies the commonweal as well. Though we have a right to the fruits of our labors, we also have a responsibility to share nonessential resources with fellow persons in need. Moreover, all persons have a right to share in the resources of the planet. For those that have and those that have not, finding a cause greater than ourselves can be rewarding. By James Schacht, author of The Future of Democracy in America and the World: A Few Possibilities, see more at TheFutureofDemocracy.org