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b_b · 3014 days ago · link · · parent · post: How to really make America great again: Get rid of 'the dumbest idea in the world'
I agree with this, but the tough part is that in the neoliberal, free trade climate, the only way to affect change is via international cooperation. The more I read about it, the more I think that a Tobin or transaction tax is necessary to ensure functional markets and wise capital allocation. At minimum this would require the US, EU, UK (because let's face it, they're only nominal EU members right now), Japan, Korea, and Hong Kong to all be on board. The odds seem long, to say the least.If you want a better society, don't ask the shark to stop biting... take away its teeth.