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Repeal the Telecommunications Act of 1996 enabling monopoly control of major media

Following passage of the Telecoms Act of 1996, US media began to centralize to the point where, today, fully 95% of broadcast, print, internet, video, and advertising media are controlled by six conglomerates: Viacom, Comcast, Disney, CBS, Newscorp, and Time Warner.

From wiki, “ The primary goal of the law was to "let anyone enter any communications business – to let any communications business compete. Thus, the statute is often described as an attempt to deregulate broadcasting markets due to technological convergence. The Telecommunications Act of 1996 has been praised for incentivizing the expansion of networks and the offering of new services across the United States, though it is often criticized for enabling market concentration in the media and telecommunications industries.”

Repeal the Telecommunications Act that led to this market monopoly, and trust bust the existing conglomerates. If a well-informed populace is crucial for democracy, the nation must have decentralized, open media.

This too…

Reinstate the Glass-Steagall Act of 1933 limiting investment banking in the housing industry

Bring back the Glass-Steagall Act of 1933, which limited the reach of investment banking into commercial banking operations. As we saw with the housing bubble of the 2000’s and its derivatives charade, investment banks felled the economy. Only with trillion dollar bailouts and ongoing public-private partnerships — which enshrined BlackRock Group as an unelected government player — was the economy nominally saved. (We do however have 35 trillion in debt, about half of which was involved via the Fed in this “saving” effort.)

Today, as a result of unfettered access of investment banks to commercial operations, we have groups like Blackstone, BlackRock, Vanguard, and State Street directly investing in American housing, on pace to hold fully 40% of US housing stock by 2030. These banks will bring us to a rentier society, where housing prices are fully decoupled from salaries.

goofus says

where housing prices are fully decoupled from salaries.

That's pretty much the case already.

DemocratsAreTotallyFucked says

goofus says

where housing prices are fully decoupled from salaries.

That's pretty much the case already.

Right, price decoupling has already happened with IB competition (and their access to Fed money). But it’s getting worse. They’re also buying up the cheapest housing stock, trailer parks, out from under long-time owners and jacking rents. Unless the “owner” also owns the land beneath their trailer, they’re on a short path to homelessness.

Another good one would be reinstating prohibitions against participating in commodities futures markets by anyone other than the buyers and sellers of said commodities. That's the way it used to be until the early 1980's. Banksters and hedge funds now game commodities futures markets to the detriment of those for whom these markets were originally created.

Oh yeah - also eliminate the Congressional privilege of unlimited insider trading.