[lbo-talk] Mayday

joanna 123hop at comcast.net
Sun May 1 16:51:21 PDT 2005


can you say more? What does "deregulation of commissions" mean? How did it play out?

Joanna

Doug Henwood wrote:


> By the way, today is the 30th anniversary of another Mayday, the May,
> 1, 1975, deregulation of commissions on Wall Street. It was a major
> early step towards the transformation of the financial markets into
> the institutions of social discipline they became in the 1980s and
> beyond. Relationships gave way to transactions, and the old polite
> world of Galbraith's new industrial state gave way to the pitiless
> regime of Milken, Kravis, & Co.
>
> Doug
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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