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View Diary: AMERICA HELD HOSTAGE - Day 5 - Understanding A Rolex & why private industry is shutting down (16 comments)

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  •  I dunno, I think the 1% (8+ / 0-)

    can ride out quite a bit of recession and social turmoil for the opportunity to cut away layers of accumulated regulation and oversight and trim the government down to a size they can more directly control.

    "The Kochs and Buffetts and Bloombergs should be in full fledged panic at this point".

    Dick Cheney 2/14/10: "I was a big supporter of waterboarding" . . . . . . . . . . . . . . . UID: 8519

    by Bob Love on Sat Oct 05, 2013 at 05:54:46 AM PDT

    •  that's what I am afraid of (5+ / 0-)
      Recommended by:
      4Freedom, splashy, unfangus, Bob Love, Lujane

      TERRIBLE CALAMITY isn't so terrible if you have billions stashed away and expect to get cheap labor and no regulations, or toothless regulations with no money for enforcement, on the other side.

      Death, destruction, and social unrest are a small price to pay if they can increase their net wealth by a few percentage points.

      www.dailykos.com is America's Blog of Record

      by WI Deadhead on Sat Oct 05, 2013 at 06:32:49 AM PDT

      [ Parent ]

      •  Anyone care to guess what shenanigans (6+ / 0-)

        are going on or about to start as soon as federal regulators and inspectors are scarce?

        FDA - how much e. coli will you tolerate in your spinach?
        USDA - meat inspection, anyone?
        NTSB - inspections at crash sites, anyone?
        FMCSA - commercial buses and trucks on the highway - how are the brakes on that huge vehicle ahead of or behind you on the road?
        FAA - you want air control with your flight?

        Consumer protection? Bank regulation? Hazardous material manufacture, storage, and transport? Weather or economic information?

        The opportunity for mishap and misdeeds increases.

        I'm part of the "bedwetting bunch of website Democrat base people (DKos)." - Rush Limbaugh, 10/16/2012 Torture is Wrong! We live near W so you don't have to. Send love.

        by tom 47 on Sat Oct 05, 2013 at 06:58:17 AM PDT

        [ Parent ]

    •  Plus the 0.01% will be able pick up some (1+ / 0-)
      Recommended by:
      Lujane

      valuable assets at bargain prices.
      Other people's economic misery can be a great investment opportunity for those at the very top of the human heap.

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