The media have recently reported on major lawsuits that reflect the business sector’s efforts to shut down or pare back significant federal securities regulations. This recourse to litigation by business interests is nothing new. As just one example, FDR’s New Deal gave rise to a number of famous Supreme Court decisions that diluted or killed some of that era’s most aggressive (or progressive, depending on your politics) programs.
What strikes me as interesting is that the current business climate is rife with cries of protest from industry leaders and their supporting politicians about the oppressive amount of litigation that besieges American commerce.
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