Our Society has broken down. Institutions that were established in the 1930's that were meant to protect our society have been repealed, gutted, or simply ignored.
There was a reason, that among the institutions that President Roosevelt regulated were banking, investment houses, industry and the media (TV, Radio and Newspapers).
The Glass-Steagall Act (formally called the Banking Act of 1933) created a firewall which limited bank ownership by forbidding banks from owning other types of companies. This firewall is gone, since it was repealed by the 1999 Gramm-Leach-Bliley_Act.
The Federal Communications Commission (FCC), which regulated media ownership has been gutted.
The Security Exchange Commission (SEC) has in the past generation consistently ignored corporate malfeasance and greed.
Media deregulation, repealing the fair use doctrine, the station ownership limits, and TV/Radio - Newspaper cross ownership have caused nothing but the escalation of the media consolidation of our country to the point of today.
It is quite obvious that six to seven huge companies control everything we read (newspapers, magazines, books), or everything we watch or listen to on TV, Radio or cable tv.
Gone is diversity.
Gone are fresh ideas.
Gone is the ability to have varied views or independent reporting.
These are some of the reasons that we need to start to repair our society.
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