Regulation is displacement therapy

The evidence is overwhelming: politicians and bankers have long colluded against us all. Daily Pickings has cited numerous examples of the revolving door between banking and politics.

Eric Holder, Wall Street Double Agent, Comes in From the Cold by Matt Taibbi
Barack Obama's former top cop cashes in after six years of letting banks run wild

Money corruption is global; in Europe, Goldman Sachs alumnus Mario Draghi presides over the criminal ECB.

How the ECB is Officially Above the Law by Yves Smith
Economists argue that central banks needed to be independent in order to insulate them from political pressure in setting interest rates. There’s no justification for a central bank to be outside the law.

Nomi Prins claims we need to regulate and control such corrupt behaviour, saying we can do nothing about the culture and relationships - wrong! We need to dismantle the political economy which fosters such culture and relationships: ie. remove the incentives to abuse fellow humans. The dark art of money is where change needs to start.

Regulation and the law will never solve our problems - they may make us feel better that we're "doing something" but all the while we are descending further into chaos and helplessness.

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