[lbo-talk] Socialism ascendant?

Bill O'Connor billyoc at gmail.com
Thu Sep 18 10:19:46 PDT 2008


"boddi satva" <lbo.boddi at gmail.com> writes:


> 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.

I could also be temporary again this time, like the Resolution Trust Corp. in the '80s, rather than some sort of Sovereign Wealth Fund.



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