[lbo-talk] We've Crossed the Line from Capitalism to Socialism

Bill O'Connor billyoc at gmail.com
Wed Sep 24 22:12:42 PDT 2008


Joanna <123hop at comcast.net> writes:


> This is the one thing that's driving me crazy about the current talk.
>
> Taking money from the poor/working class to give to finance capital is
> not socialism, it's just good old capitalism shorn of its more
> roundabout circuit.
>
> There's no such thing as "socialism for the rich"! It goes beyond
> oxymoron. It's like talking about orgasms for the dead.

Well now I just feel silly. :)

I'm afraid I've parroted this "privatize the profits, socialize the losses" canard myself. You're right, of course. This is no privatizing of losses, just a more direct theft of worker's money from the treasury coffers.



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