It ends up with what is called 'regulatory capture'. The business being regulated is in...
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Quote
Noam Chomsky:
It ends up with what is called 'regulatory capture'. The business being regulated is in fact running the regulators. Bank lobbies started writing the laws of financial regulation, it's got to that extreme.
Transcript
00:00:01.000 --> 00:00:04.071
And it ends up with what's called regulatory capture
00:00:05.071 --> 00:00:08.572
The business being regulated is in fact running the regulators
00:00:17.001 --> 00:00:21.484
Bank lobbyists are actually writing the laws of financial regulation
00:00:21.584 --> 00:00:23.619
it gets to that extreme
Clip duration: 28 seconds
Views: 282
Timestamp in movie: 00h 37m 47s
Uploaded: 01 December, 2022
Genres: documentary
Summary: Through interviews filmed over four years, Noam Chomsky unpacks the principles that have brought us to the crossroads of historically unprecedented inequality – tracing a half-century of policies designed to favor the most wealthy at the expense of the majority – while also looking back on his own life of activism and political participation. He provides penetrating insight into what may well be the lasting legacy of our time – the death of the middle class, and swan song of functioning democracy.
