"I had to look up wt the Glass Steagall Act was and what effects it may or may not have had in the banking industry. As a Liberterian I would have thought that you would have approved of repeal of the Act. Doesn't this mean that there is less government interference and therefore more chance to make money by the industry and less chance of losing money on waste and regulation?"
Yes it is true; I am a Libertarian, a civil libertarian. But it is also true that I do feel as I do about the repealing of the Glass-Stegall Act. How can this be since I am against government intervention and protecting me from myself? It is simple. When I read the constitution of these United States of America, especially the Preamble, which learned as a child looking at Schoolhouse Rock on Saturdays in between cartoons, the first thing that I recall is the phrase WE THE PEOPLE.
This is very important to me for it “ordains and establishes” a foundation for my civil liberties as an individual as well as a self professed civil libertarian. Especially as implied via the 14th amendment for I consider myself a sovereign citizen. I do not believe nor do I accept that institutions, groups and last but not least – corporations, are ordained as such under the constitution. Consequently I do not equate the rights of corporations as that of or equal to those of individual citizens, I just don’t and folk don’t get down like that with respect to dialectical ruminations of the constitutional sort. For again, in the preamble to the constitution, it reads WE THE PEOPLE and not WE THE CORPORATION. Curious, hope that answers your query. Great comment as usual.
Addendum: The song today is Citizen Sovereign – corner of my eye (1996) by savagebeastmonsta-sameblakmuthafucas - us. My interpretation and application of what the 14th amendment is to me if yawl aint ever read it. For as I have written before, Ignorance and freedom is incompatible. Enjoy
PS – Buy Fast and Gamin’ Today.
CORPERATION, 14th amendment, Libertarian, liberty, Glass-Stegall Act, constitution, savagebeastmonsta-sameblakmuthafucas, Preamble, Schoolhouse Rock