| ▲ | ed_balls 3 hours ago | |||||||||||||
The Sarbanes-Oxley Act of 2002 could be considered the worst regulation of 21 century. It helped created behemoth corporations, where a single person can misallocate hundred of billon of dollars (Oh, hi Mark), they can buy out any competition. Right now US economy is basically a centrally planned economy. | ||||||||||||||
| ▲ | topato 2 hours ago | parent | next [-] | |||||||||||||
I've seen people use those three words to make a dig at zuckerberg before, but I never put 2 and 2 together and realized the quote until just now. I think the comma was essential, made my brain automatically read it correctly... Wiseau voice and all, lol. More on-topic: I remain amazed by how the past quarter century of American legislation has included one overwhelming boon for corporations after another. Once corporations could give an infinitly higher amount of political contributions when compared to individual citizens, it became clear that the overall well-being and happiness of corporations was the only real political focus. Anything that doesnt directly or indirectly benefit a group of corporations is almost always designed to manipulate the electorate through invented/perceived/embiggened/non-cromulent "social issues". | ||||||||||||||
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| ▲ | InsideOutSanta 2 hours ago | parent | prev [-] | |||||||||||||
> It helped created behemoth corporations What's the mechanism for this? Genuine question: I read an overview over Sarbanes-Oxley and it seems like a reasonable idea. | ||||||||||||||