Mammon category archive
Consumer Predation Agency 0
The Trumpling continues.
Watchdog groups are up in arms because, under Mulvaney, the CFPB has put on hold a rule that would restrict payday lenders and their high-interest-rate loans. The agency has also dropped a lawsuit against online lenders charging 900 percent interest rates. Critics say these moves are payback for campaign contributions to Mulvaney when he was a congressman representing South Carolina.
Much more at the link.
Neglecting Negligence 0
Warning: Language.
Merger and Monopoly 0
One of the most pernicious acts of Ronald Reagan was to suspend enforcement of anti-trust laws, leading the corporate consolidation we see around us, delivering the polity into the hands of our own homegrown oligarchs.
Thom and his guest discuss how monopolies work.
Afterthought:
It’s ironic that Republicans simultaneously extol vociferously the virtues of competition while actively supporting–and are supported by–those who would eliminate it.
A Toxic Environment 0
Warning: Language
Misdirection Play, Oligarchical Predation Dept. 0
Thom discusses the sleight-of-underhand political strategy of the proponents of oligarchy.
