[lbo-talk] Soros, Volcker, Depression, Nationalization

[Fernando Cassia]

On Mon, Feb 23, 2009 at 12:14 AM, Chris Doss <lookoverhere1 at yahoo.com> wrote:
>
> The thing is, I'm not all that sure that a planned economy would last that long in a democratic government. This is really my root problem with "socialism."
>
> Christopher E. Doss
> Moscow, Russian Federation

Define "planned economy". As in everything, there's degrees.
The government might decide that industries x,y, and z, are of
national interest, and nationalize them, subsidize them, or set
long-term goals ie "we're switching to green energy in 30 years time"
with public funds to boost it.

That doesn't mean "the government owns all LCD screen manufacturers
and sets production goals/quotas etc" or "the government is gonna own
all pizza chains and supermarket in the country".

FC