Although the early Ptolemaic and Aristotelian concept of geocentrism – that the planets and Sun revolve around Earth – was discredited by Copernicus and Galileo by the late 16th century, many Americans residing in Congress and at certain regulatory agencies adhere to their own brand of "American geocentrism". This takes as axiomatic that anything and everything American is not only good, it is the best. Nowhere do adherents deem this doctrine more applicable than in the regulation of capital markets.
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