Deregulation depends on self-regulation.
And self-regulation is no regulation.
In this environment the management of multi-national corporations have corrupted themselves and lied to everyone.
Without government regulation the temptations of power and money are too great for them.
This can be clearly seen in the Report of the Royal Commission into Banking in Australia.
Corruption and kick-backs were rife through all of the major banks.
And the Commissioner's Report recommended strong regulation.
And make no mistake this corruption spreads throughout the whole of the business community.
It will take prosecutions and jail terms to stop them from taking advantage of everyone.
To save them from themselves.
Photo Credit: Devil Brigade Flickr via Compfight cc
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