The USA: the new socialists???

The USA: the new socialists???
Sep 7, 2008 23:57
APAULT Points: Join Date: Mar 11, 2006 Status: offline	China's government has embraced market forces and is selling off its state owned enterprises as fast as it sensibly can. The USA has just nationalised Fanny Mae and Freddie Mac the two financial institutions which together finance 50% of US home loans. Government ownership of the means of production is a core plank in traditional socialist philosophy. Maybe there is something in socialist enterprise after all. What do you say Mr.George W Bush? (Oh I forgot it is Al Qaida and Asama Bin Laden's fault)

Sep 7, 2008 23:57

APAULT
Points:
Join Date: Mar 11, 2006
Status: offline

China's government has embraced market forces and is selling off its state owned enterprises as fast as it sensibly can.

The USA has just nationalised Fanny Mae and Freddie Mac the two financial institutions which together finance 50% of US home loans. Government ownership of the means of production is a core plank in traditional socialist philosophy. Maybe there is something in socialist enterprise after all. What do you say Mr.George W Bush? (Oh I forgot it is Al Qaida and Asama Bin Laden's fault)

Sep 10, 2008 04:07	#1
YVONNE Points: Join Date: Nov 29, 2004 Status: Offline	Socialist philosophy is not useless. You see, even US has applied it. I guess that US has no other means except nationalizing Fanny Mae and Freddie Mac.

Sep 10, 2008 22:10	#2
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	Auto industry is one of the economic pillars in Canada and tear one contracts are frequently subsidized by gov. funding, which is pure central planning with socialist characteristic for the sake of avoid lay-offs.

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