Never thought I'd see it actually happen.
The answer may well be that capitalism as we understand it cannot survive at the present level of capital efficiency. The financial system will have to be converted to a GSE model.
I guess such a model could be controlled by fascists instead of socialists, but either way, this is absolutely different this time.
On Wed, Sep 17, 2008 at 9:46 PM, Bill O'Connor <billyoc at gmail.com> wrote:
> andie nachgeborenen <andie_nachgeborenen at yahoo.com> writes:
>
> > Same old story, isn't it? Socialism for the rich, capitalism for the
> poor.
> >
> > 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.
>
> Yes, the free market fundamentalism of the no-bid defense contractors.
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>
-- peace,
boddi
http://financialroadtosocialism.blogspot.com/