Wednesday, September 17, 2008
The Beginning of the Socialist States of the United States?
Some make jokes about all this "socialization" that's going on in the financial industry and perhaps even in the automobile industry, and it's true that "we the taxpayers" seem to be amassing a lot of previously private market "investments" recently.
But it's not socialism when the industries take over the government. That has a totally different label. And though the industries aren't exactly taking over the government neither is the government taking them over. It's just giving them money, hugs and kisses.
Not sure what to call that. Perhaps crony-capitalism.