Is financial regulation too complex an issue for the general public to mobilize around? Why or why not?
Financial regulation is only complex because institution that are supposed to regulate cannot keep up with a financial system that seems to defy reasonable limits. The “public” are indifferent it seems until those systems that govern their lives affects theirs. Do we ask for responsibility and accountability in our institution that are supposed to serve the it citizens? Do we the public demand justice as fairness? The public ignores that fact that they are at the mercy of those who have no such concern for following rules, but for maneuvering themselves to maximize their profits at the expense of the masses. But it is the masses that fail to ask for justice since they too seek the same advantages. Thus, as with health care, people would rather be at the mercy of insurance companies than their government. These institutions fight it out while millions are without health care or lost their homes or without the means to feed their families. If the public does not care about regulation their representatives, will not. In addition, it is clear that the levels of corruption are high and the ability to police companies it at a low. The imbalance and thoughtlessness abound, the banality of the public and the avarice of capitalism are undaunted even at the precipice of the fall.
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