I said "megastockholder profits at Americans' expense." The 401k and IRA folks like you and me are manipulted by them, just like employees (and ex-employees) are (e.g., Enron, Worldcom, etc.).
Wall Street is not the problem. The lack of checks and balances vs. amoral, un-American boardroom barons and VC manipulators is the problem.
"Power corrupts and market manipulators bring down American wages in favor of Chinese sweatshops."
My mistake. You’re a moron.
Uh-huh. So class warfare is the answer, through the Huckster, to preemptively punish these evil people who employ half of those working in the United States? Just trying to glean out the point from what reads like a pamphlet handed out at a socialist rally.
"Power corrupts and market manipulators bring down American wages in favor of Chinese sweatshops."
So, let me see if I understand this right - lower American wages are fueling use of Chinese sweatshops? Or competition from Chinese sweatshops are lowering American wages that have had constant increases for the last 50 years? I'm afraid you have to distill some of the rhetoric for me here.
Oh, so driving up the cost of doing anything in the USA with all sorts of taxes and regulations is now 'market manipulation'?
Cheap foreign labor has always filled the stores like Pier 1 with cheap goods. The fact that China and India figured out that making silicon chips was more lucrative than making wicker chairs is not due to 'market manipulation', but simply to the markets in India and China being more open to capitalist ventures than in years past.
It's amazing how many folks don't understand that when the rest of the world gets smart and goes capitalist, we'll won't be as rich by comparison. This will last until the relative wages balance out. Then, of course, we'll be poorer than the rest of the world by the ratio of our stupid regulation and taxes to theirs.