The more I dig into investing, the more I see how corrupt the USA government (and probably every government) is.
I was interested to bump into some evidence that actually things are better than in the "good old days".
This came from digging a little deeper into the "Homestake Mining" gold mining company was the great depression's best performing stock.
Note this passage from Wikipedia's Homestake Mine article:
"Hearst consolidated and enlarged the Homestake property by fair and foul means. He bought out some adjacent claims, and secured others in the courts. A Hearst employee killed a man who refused to sell his claim, but was acquitted in court after all the witnesses disappeared. Hearst purchased newspapers in Deadwood to influence public opinion, and an opposing newspaper editor was beaten up on a Deadwood street. Hearst himself realized that he might be on the receiving end of violence, and wrote a letter to his partners asking them to provide for his family should he be murdered. In the end, however, Hearst was the one who walked out alive, and very rich."
I haven't heard of any corruption cases in the USA where:
- big business employees getting away with murder because of witness bribery and/or intimidation.
- opposing newspage editors getting beaten up.
I guess you'd have to call that progress. One thing is very similar to the current situation: "Hearst purchased newspapers (the media) to influence public opinion." What else can explain, for example, General Electric (GE) owning NBC?
Hope this wasn't too off-topic for you.