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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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How to fix the USA then the World
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Poster Handle
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Anonymous Coward |
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Post Content
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Fools.
This cannot and will not be implemented worldwide. Cheap raw materials are required.
The entire purpose of first world country based corporations going overseas is to skirt laws which hinder free-enterprise.
However, you would succeed into turning many first world countries into third world countries - and vice versa - as these powerful corporations move and eventually corrupt entire nations.
The entire system would be untenable the moment such large incentives are given to those that cheat a system such as this.
Quoting: 535 1326993 Many criticize putting the Glass-Steagall Act back in force saying it would do little. Liars! Clinton repealed it in 1999. By seperating commercial and investment money - only the gamblers would lose their money not the mom-n-pop checking/savings accounts. Bankers fear Glass-Steagall and will downplay how it kept the banking system in check for 65 years. Put that back in and the corrupt banking you have come to know the last 15 years is gone - and WHY?? Because only the investors who choose to gamble risk the losses not everyone elses. Worked for 65 years. Dodd-Frank aint got nothing on Glass-Steagall. Put that back and your concerns are gone, along with everyone elses. That is an American "solution". With the USA banking system under control, and the other elements presented, stability would result. With stability, other countries if they were smart would adopt the successful implimentation of the suggestions here. Since I am in the USA, I address our problems first. Then when proven successful it is up to other countries to push for similar adoption. Not promoting a world dictator here!
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