[lbo-talk] reflections on the current crisis

[Carl Remick]

>From: Doug Henwood <dhenwood at panix.com>
>
>On Aug 21, 2007, at 4:05 PM, Carl Remick wrote:
>
> > BTW, re your "LBO at 20" comment, "... the lesson I learned from
> > the 1987 crash was that the ruling class had mastered the art of
> > state-led bailouts" -- I was reminded of Ralph Nader's recollection
> > of paternal wisdom recently in Counterpunch:  "My father many years
> > ago asked his children during dinner table conversation: 'Why will
> > capitalism always survive?' His answer: 'Because socialism will
> > always be used to save it.'"  Sagacious guy, Nader père.
>
>I scratched my head on reading that. It's as if "socialism" is a cuss
>word in Naderland, and he really prefers capitalism unmodified as a
>system. Why not use socialism to socialize it?

Now *I'm* confused.  I'd read this comment as expressing Naderite sympathy 
toward socialism -- i.e., that the state is forever saddled with the loser's 
role of "lemon socialism," cleaning up the operational and financial 
wreckage of harebrained schemes concocted by the destructive creators of the 
private sector.

Carl

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