The control used to be very high income taxes for the uber wealthy. Unfortunately, political leaders have rewritten those income tax laws to benefit the very wealthy - including themselves and their friends.
I watched a documentary about Japan in the 1980's this morning. Fascinating stuff.
Cutting a long story short, the Japanese economy hasn't been great. Growth is slow, and the birth rate is low presenting its own challenges. But it was the economics that truly interested me. In the 80's, Japan and the US had an issue on trade deficits. So a meeting was held in the US with Japan, France, the US and the UK to discuss what can be done to reel the Japanese economy in. Steps were taken to increase the value of the Yen.
This led to a financial bubble, and a few years of extreme wealth in Japan, which turned into a land grab as people used this new wealth to buy everything up. When the bubble burst, we have the issues we see today.
Why is this interesting? Well for me it's down to so called capitalism. You see, from one angle, this is capitalism is supposed to work. On the other, it was the interference in the capitalist structure that created extreme wealth and the makings of a housing crisis. Capitalism hadn't failed, it had been spoiled.
Fascinating. Short term gain traded for long term pain.
I was also reading an article about traffic patterns in the UK. Essentially, Councils (local governments) are trying introduce quiet streets by blocking off traffic. There are concerns, because some claim they're not working. But here's the thing - 42% of the projects where the council blocked off roads went ahead without no data and analysis whatsoever. No traffic data, no consequences considered. Can you imagine? Given the line of work I was in, this is both shocking and, frankly, pathetic. But again, government at its worse.
Which leads me all the way back to those who think governments are secretly controlling us to some great plan. Nah. They're just doing stuff, some of it dumb.