[lbo-talk] nationalizing the banks

Doug Henwood dhenwood at panix.com
Mon Apr 20 14:00:27 PDT 2009


On Apr 20, 2009, at 4:41 PM, Marv Gandall wrote:


> Pretty strong and provocative stuff: "What does it mean to
> nationalize the banks when almost no one really wants
> to?...Nationalizing the banks, and mounting the commanding heights,
> means attacking that class relation at its core. It would be insane,
> at our present level of political development, to talk in those
> terms. It seems more promising to me to talk about things that we
> can almost imagine doing, at our present level of political
> development...In other words, all I can do is stand here and call
> for what used to be known as 'creeping socialism'."
>
> What was the reaction on the panel and from the floor?

Hard to say. David Harvey identified himself as a creeping socialist too. Fred Moseley talked about good banks and bad banks, and not much about the politics of the situation. Nomi Prins said we should have just let AIG go down. Some guy from the RCP took us to task for not mentioning the blood-drenched hell that is capitalism. But I can't say that anyone specifically engaged my points.

Doug



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