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What is American socialsm going to look like?
"If you scour the history books, (the steps taken or being considered) are the only policy options of last resort," said David Mackie, head of Western European economic research at JPMorgan.
"I can't think of what else people might come up with here. Various countries have done bits and pieces. Nobody has done all of them," he said.
"It's not entirely obvious that these measures are turning the tide," Mackie said. "At the end of the day, if you socialize enough of the financial system, it has to work."
...who would replace the working class as the agent of Marxist revolution? In the 1950s, Marcuse answered the question, saying it would be a coalition of students, blacks, feminist women and homosexuals - the core of the student rebellion of the 1960s, and the sacred "victims groups" of political correctness today. Marcuse further took one of political correctness's favorite words, "tolerance," and gave it a new meaning. He defined "liberating tolerance" as tolerance for all ideas and movements coming from the left, and intolerance for all ideas and movements coming from the right.
Originally posted by sweatmonicaIdo
Here's something interesting to consider. If McCain wins the election, we will most likely see the birth of fascist economics in the U.S. If Obama wins, we will indeed see many elements of socialism become enacted in this country.
Originally posted by Justin Oldham
2. Nationalization means that the affected corporations will no longer have any incentive to operate efficiently, with a profit motive.