Tuesday, February 5, 2008

Societial Breakdown -- The GOVERNMENT has FAILED

Our Society has broken down.

Institutions that were established during the 1930's that were meant to protect our society have been repealed, gutted, or simply ignored.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 as well as the MEDIA (TV,Radio and Newspapers).

  • The Glass-Steagall Act which limited bank ownership is gone.
  • The Federal Communications Commission (FCC), which regulated media ownership has been gutted.
  • The Securities Exchange Commission (SEC) has consistently ignored corporate malfeasance and greed.

  • Media deregulation, removing the station ownership limits, the demise of the fairness doctrine and newspaper-TV crossownership have caused nothing but an escalation of the media consolidation of our country to the point of today, where five or six huge corporations control everything we read (books, magazines, newspapers), or everything we watch or listen to on Radio, and Television.

    Gone is Diversity. Gone are fresh ideas. Gone is the ability to have valid views or independent reporting.

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