As for attitudes, you find no richer locales for Randroid enthusiasm for free markets than in areas that depend largely on the defense industry or the military for their survival.
--- On Wed, 9/17/08, Miles Jackson <cqmv at pdx.edu> wrote:
> From: Miles Jackson <cqmv at pdx.edu>
> Subject: [lbo-talk] Socialism ascendant?
> To: lbo-talk at lbo-talk.org
> Date: Wednesday, September 17, 2008, 11:32 PM
> From the NYT on the AIG bailout, yesterday:
>
> Under the plan, the Fed will make a two-year loan to A.I.G.
> of up to $85
> billion and, in return, will receive warrants that can be
> converted into
> common stock giving the government nearly 80 percent
> ownership of the
> insurer, if the existing shareholders approve. All of the
> company’s
> assets are being pledged to secure the loan.
>
> Is this how socialism happens: not with a revolution but
> with--government bailouts? (--And this from the "free
> markets will
> solve everything" crowd? Yeah, I'm indulging in a
> little schadenfreude.)
>
> Miles
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