All US Regulatory Agencies Are Protection Services and Marketing Agents for the “Regulated” Industries

[Nic]

https://www.paulcraigroberts.org/2023/01/24/all-us-regulatory-agencies-are-protection-services-and-marketing-agents-for-the-regulated-industries/

January 24, 2023 <https://www.paulcraigroberts.org/2023/01/24/> |
All US Regulatory Agencies Are Protection Services and Marketing Agents
for the “Regulated” Industries

Paul Craig Roberts

It has been known for a long time that US streams and lakes are
contaminated with highly toxic fluorinated compounds known as PFAS.This
means that fresh water fish are also contaminated..But nothing is done
about it, because the polluting entities control the EPA and use it as a
protection agency.

From a recent report: “The Environmental Protection Agency has known
about the health hazards of PFAS for decades but has failed to limit
PFAS discharges into the air and water or set cleanup standards. The
agency released a woefully inadequate PFAS action plan in 2019 that
failed to include deadlines for action, and the EPA has made little
progress.”https://www.ewg.org/interactive-maps/pfas_contamination/

The environment gets no more protection from the EPA than public health
gets from the FDA.

The Big Banks are also protected by the SEC, DOJ, USTreasury and Federal
Reserve.See for example:https://www.youtube.com/watch?v=2gK3s5j7PgA

Approximately one half century ago, George Stigler, Professor of
Economics at the University of Chicago and later awarded the Nobel Prize
for economics, wrote that regulation never succeeds because the
regulatory agencies are captured by those the agencies are supposed to
regulate. This has proved to be the case.

Don’t expect Congress to do anything about it.Big Banks, Big Pharma, and
Big Polluters sit on piles of political campaign contributions.Any
politician that goes after one of these or other powerful interests
finds his competitor well financed when he is next up for reelection,
and he will also find that the media has been paid off to work against him.

It is long past time for Western peoples to escape their delusion that
they live in democracies and control the government by voting.They live
in oligarchies governed by private interests and agendas.No Western
government represents the people it rules.

Fifty-two years ago I coauthored an article in an economic journal,
/Public Choice/, that made the point that people would get better
government if each country was ruled by another, the reason being that
no people ruled by a different people would ever believe the government
represented them.

Just consider how little the people in Britain’s American colonies put
up with from England compared to what Americans today tolerate from
“their” government.

Here is a partial list to get you thinking:mandated death jabs with an
untested substance, mandated lockdowns, mandated masks, income taxes
higher than extracted from medieval serfs and 19th century slaves and
certainly far higher than King George’s Stamp Tax, home invasions by
police and FBI SWAT forces, suppression of free speech and association.

After you draw up your list, compare it to the colonists’ complaints
against King George.American colonists living under King George were far
freer than Americans today living under “their own government.”

--
Pity the fool who followed his GPS over the cliff