Tag: deregulation

Washington, D.C. – Following an announcement made Feb. 11 by Financial Services Committee Chairman Jeb Hensarling that the committee will embark upon “an extensive review and thorough examination of the successes and failures” of the Department of Housing and Urban Development, Ranking Member Congresswoman Maxine Waters, D-Calif., issued this statement.

Two decades after the fall of apartheid in South Africa, the ANC-led Tripartite government represents big business’ interests. This has led the government to brutally attack workers who fight back against austerity. Black poverty has worsened. Inequality has worsened. Trade union officials collaborate with employers against workers, youth and the unemployed. Does this sound familiar? Isn’t the situation similar in the U.S.?

In the 19th Century, the robber barons simply walked into government buildings and capitals with satchels swollen with money. They literally bought off politicians to do their bidding. They do the same thing today, but with a little more finesse.