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Mike Moschos's avatar

Very true! And your write it well. Although I've learned some new things in the past five years that I never knew. The Jacksonians, in the 1830s/1840s, thoroughly decentralized banking and finance, and while it was chipped away at over time, it wasnt until after WW2 that the big chipping occurred, their architecture, for the most part held, until it was mostly done away with away at between the late 1960s and early 1980s through a set of identifiable actions that verifiably occurred, that set of actions seems to be the physical actions core of the advent of the so called Neoliberal Era that we live in now and was also a necessary set of actions for the enabling of the so called "financialization" of our economy. The groundwork had been being laid for decades, but a little more slowly than I'd thought, for example, the Federal Reserve itself wasnt centralized until the Banking Act of 1935, also, there were pushbacks in various areas that had short term successes

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Daymon Pascual's avatar

"if you are the big tree, I have a small axe. sharpened to cut you down." Robert Marley. Like a big tree full of fungus and disease there's not much that can be done to fix it. When it dies there will be an opportunity for the young seedlings that struggle in its shadow to grow and flourish.

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