- Joined
- Jan 28, 2012
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- 16,386
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- Where I am now
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- Political Leaning
- Independent
Again...how can you do that? Like I said, corporations can just promise politicians tons of money/power/favors once the latter leave office. It is virtually impossible to stop it.As a reactionary institution, with a strict dual policy mandate, the government as the initiator of policy and economic direction has means of influencing Fed policy beyond appointment (which is rather considerable), albeit indirectly. I do think the Fed should probably be reformed per the central banking institutions of other countries; it has always made me deeply uncomfortable that it has such an explicit private and unaccountable component.
That having been said, it will be difficult to get properly limited government without divorcing money from politics; that is the root and the key. Monied interests are rather happy with their pork and special concessions and won't be keen to give them up; they might slash regulations they feel impede their profits, but I very much doubt they will voluntarily forfeit regulatory capture, pork, tax loopholes and the like that are of so much benefit to them, and so long as they can pay for influence, to expand government in capacities that benefit them, and cut it in ways that don't, they will. Real democracy starts with making politicians more accountable to the people than private donors.
The solution, imo, is to limit the power of the politicians...not try and make them more honest.
Lastly, I do not believe that all federal governments are extremely corrupt barring proof such as say something like this: https://scholar.princeton.edu/sites...testing_theories_of_american_politics.doc.pdf
Extraordinary claims require extraordinary evidence, and I simply do not see the evidence that every government to the last is hopelessly and deeply corrupt.
I did not say 'hopelessly'.
And considering - as I stated above - the myriad ways for politicians to be rewarded by corporations - it is virtually impossible to stop it.
IMO, every major government in the world is deeply corrupt. America, the U.K., France, Germany, China, Japan, Russia...90+% of major politicians in these countries (imo) work for the rich and only give lip service to the poor. Obviously some are worse than others.
Almost all major politicians are rich. And the rich look after the rich...just like people look after their friends first...that is human nature.
By limiting the power of government/central banks, you automatically give back power to the people.
You cannot fight human nature with more rules and laws...people will ALWAYS find a way around them if they want to badly enough.