Comments by "Ōkami-san" (@mweibleii) on "The Majority Of Americans Think Our Economy Is Rigged!" video.

  1. Our economy IS rigged, through regulations; it's called regulatory-capture. The goal of most Americans is to become a Rent-Seeker of some sorts.
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  2. mehrshadvr4 You've obviously read some terms you don't understand.
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  3. mehrshadvr4 Sorry, but you're wrong. Regulations are in place to prevent litigation. Prior to regulations, litigation was pretty common and, with the wrong jury, many business owning Americans were unfairly sued and lost their fortunes. This, together with the legal concept of 'corporation;, led to the the early 'regulations' - which legally protected corporations from litigation. So long as regulations were met, there can be no law suit (or it's someone difficult). Further, now regulations are used to lock out competition (examples include: licence requirement to make coffee, sell flowers, practice medicine, etc... ). Regulatory capture is why Uber was invented - because it goes around regulations and allows free Americans to work freely. You know "free markets' / free people.
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  4. mehrshadvr4 What are you on about? I was referring to the 1920 and 30s. Also, I'm not a Republican and I haven't watched TV in over a decade.
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  5. mehrshadvr4 Secondly, you're wrong about the regulations being removed - they were never removed. It's not like we have a free for all financial system, we have a lot of regulations - which is probably why the banks went bust, because they use the regulations (as rent seekers) and finally broke the system. Not to mention it was the very same regulators (government) who then BAILED these crooks out. That would never happen in a free market. In a free market the banks would have gone bust and stayed out of business - not rewarded with a bailout.
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  6. The way we do similar corruption is public servants passes new Patriot Acts and other Regulations and Laws and you'll need a stamp and it'll cost you $150.
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