Very articulate! In my opinion the USA's domestic liberalization of finance and in *some* way trade well before the 1990s both looked quite similar to the international (it for sure involved some of the same key players, but I'd reckon it involved most of them) played a huge role not just domestically but given the fact that it was necessary for the global plan for them o be able to wield the powers of the US government, that the domestic liberalizations were necessary for the global situation to be built. The biggest example would be the elimination of the USA's interstate capital flow inhibitors that had existed for the entirety of the USA's existence which directly and indirectly through an enabling role, greatly concentrated economic activity, both geographically and in terms of people's hands. The capital flow inhibitors were de jure and fully done away with in the 1990s with the Interstate Banking Efficiency Act of 1994 (but one of its key provisions couldnt be acted upon until 1998) but they were mostly and de facto (and arguably illegally!) done with between the late 1970s and the mid 1980s when under the Carter admin they Fed Gov just stopped enforcing the law and treated brokered accounts (pooling money through a intermediary) as a new innovation that wasn't covered by the law when in fact it was just a new name for something that was thousands of years old and that had actually been covered under USA law every time its wrappings had changed over the course of US history. And this sub category goes on and on, I revisited these topics in recent years and decided to see if I'd been misled, and oh boy was I, for contemporary example banking and finance industry journals etc. tell a very different story of S&L dereg than what I knew and its ugly. We then had massive capital flights from many states, capital flights from places within states that were net state exporters, huge concentrations, even places that benefited like NYC mostly just benefited a small minority there with other just faced jacked up rents from it and most importantly it turbo charged the deep corruption in our political economy that had been going on for decades and made power concentrations in this country far, far more acute
Very articulate! In my opinion the USA's domestic liberalization of finance and in *some* way trade well before the 1990s both looked quite similar to the international (it for sure involved some of the same key players, but I'd reckon it involved most of them) played a huge role not just domestically but given the fact that it was necessary for the global plan for them o be able to wield the powers of the US government, that the domestic liberalizations were necessary for the global situation to be built. The biggest example would be the elimination of the USA's interstate capital flow inhibitors that had existed for the entirety of the USA's existence which directly and indirectly through an enabling role, greatly concentrated economic activity, both geographically and in terms of people's hands. The capital flow inhibitors were de jure and fully done away with in the 1990s with the Interstate Banking Efficiency Act of 1994 (but one of its key provisions couldnt be acted upon until 1998) but they were mostly and de facto (and arguably illegally!) done with between the late 1970s and the mid 1980s when under the Carter admin they Fed Gov just stopped enforcing the law and treated brokered accounts (pooling money through a intermediary) as a new innovation that wasn't covered by the law when in fact it was just a new name for something that was thousands of years old and that had actually been covered under USA law every time its wrappings had changed over the course of US history. And this sub category goes on and on, I revisited these topics in recent years and decided to see if I'd been misled, and oh boy was I, for contemporary example banking and finance industry journals etc. tell a very different story of S&L dereg than what I knew and its ugly. We then had massive capital flights from many states, capital flights from places within states that were net state exporters, huge concentrations, even places that benefited like NYC mostly just benefited a small minority there with other just faced jacked up rents from it and most importantly it turbo charged the deep corruption in our political economy that had been going on for decades and made power concentrations in this country far, far more acute