= new reply since forum marked as read
There have always been "barons" - whether literal, with an inherited or granted "title", or those who managed to succeed in the latest "money-making" scheme that came around who were dubbed "barons" (ship-building and shipping, slaves, sugar cane, rum, tobacco, cotton, railroads, copper, auto, oil, manufacturing, film-making, broadcast communications, computer tech, etc). Hell, my ancestors were dragged over here kicking and screaming and forced to work for free for that self-same aristocracy. 
In the cycle of things, their spend-thrift ways inevitably crash the economy, and they slink away as some cursory rules and regs are put in place. Time goes by, people "forget", the rules and regs are thrown out, and back they come full bore. Wash. Rinse. Repeat.
The "problem" today is that due to the proliferation of "communications" (tv & internet), the little people are way more exposed to and aware of them and their excesses than in the past, when there were only couriers, snail mail, newspapers, and eventually radio.
So it's not so much rectifying anything - the aristocracy will never go away. It's a universal constant that is actually a human condition thing. The issue is with bringing back the controls that will disallow them from running roughshod over a society, where they essentially privatize the profits and socialize the risks.
Obama Campaign Attacks Romney’s Bain Outsourcing, But Support for Outsourcing is Bipartisan Corruption
Sunday, 24 June 2012 13:34
By Zaid Jilani, Republic Report | News Analysis
The Obama campaign just released a campaign commercial talking about how Mitt Romney, while working at Bain Capital, oversaw the outsourcing of Americans jobs to China and Mexico. The ad calls Romney a "corporate raider" for his role at Bain (watch it to the left). The media has picked up the Obama campaign's attack on Romney, amplifying its message. The overall narrative being created by the Obama campaign is clear: Romney has through his business practices support outsourcing in the past, and is likely to in the future — unlike President Obama. Unfortunately, the story is not that simple. "We should not oppose offshoring or outsourcing," said one high-ranking presidential economic adviser at a conference of companies interesting in outsourcing last summer. The adviser then went on to compare opponents of outsourcing to "luddites who took axes to machinery early in England's industrial revolution."
Those quotes do not come from a Romney adviser. They come from Larry Summers, who was President Obama's director of the White House National Economic Council. And Summers — who gave the speech after he left the White House — is not a lone voice among Obama officials. Obama once promised to re-negotiate the outsourcing-friendly North American Free Trade Agreement (NAFTA), which he criticized on the campaign trail. Here's a copy of a mailer that Obama used during the 2008 election to talk about his opposition to NAFTA:
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So, as the record stands, President Obama, too, is also supportive of outsourcing. But Obama did not pass these trade deals alone. He had strong backing from many Senate Democrats and from most of the Republican party. This support materialized despite the fact that there is strong public opposition to "free trade" policies that privilege investor rights and do not protect worker and environmental rights.
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But the pro-outsourcing lobbyists are not through hollowing out America's manufacturing base. The Huffington Post reported earlier this month that the Obama administration is secretly working with lobbyists to pass a new trade agreement that could have devastating effects on labor and environmental rights, and open up a whole new avenue for outsourcing. This agreement could be stopped or altered to promote fair trade, but it depends in part on whether the media is prepared to accurately report on the issue.
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http://truth-out.org/news/item/9956-obama-campaign-attacks-romneys-bain-outsourcing-but-support-for-outsourcing-is-bipartisan-corruption
