[lbo-talk] reflections on the current crisis

joanna 123hop at comcast.net
Tue Aug 21 17:04:29 PDT 2007



>
> 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.

Or as Gore Vidal put it, "what they want in this country is socialism for the rich and capitalism for the poor."

Joanna



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