Class Warfare Blog

September 17, 2016

Deregulation and Trust

As I have commented on before, an article in JAMA Internal Medicine reported that in the 1960s, the sugar industry paid Harvard scientists to publish a study blaming fat and cholesterol for coronary heart disease while largely exculpating sugar. This study, published in the prestigious New England Journal of Medicine in 1967, helped set the agenda for decades of public health policy designed to steer Americans into low-fat foods, which increased carbohydrate consumption and exacerbated our obesity epidemic.

And, as I have done often enough, I will take a step back and look at this in context.

Part of the Republican agenda is that excessive government regulation is strangling American business and if those regulations were done away with, the power of American ingenuity would be unleashed.

Well, once again we see in the behavior of the sugar industry what they would do if government regulations were dispensed with. We have seen this from Big Oil, Big Pharma, Big Agriculture, the tobacco industry (they are alive and well selling to unregulated foreign markets), the banking industry, the financial sector, etc. They are adept at manipulating the regulations in the first place (Is Dodd-Franck done yet?) and once those are in place they are adept at manipulating the regulators.

Can you imagine what their behavior would be like in the absence of regulations? I think it is safe to say we can “trust” them to be who they are.

One has to wonder that Republicans are even willing to share their deregulation goal with voters; it seems to confirm their depravity.

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