archive <christopher AT heiser DOT net>
April 29th, 2017 Total archive posts: 984
home
archive
rss feed
heiserlink

nürburgring
for dummies
about me
public key

Lemon Socialism

It's very difficult to argue with Robert Reich's assessment that here in the US we take social ownership of business failures, but steadfastly privatize their successes. It's clearly in our national best interest to keep our vital institutions from failing, but it really raises the question: how exactly does it serve our national interest to concentrate the benefits of these institutions in private hands--or at least to the extent we do today?

You get the sense that in any other nation we would be gripped in a deep self-examination of our core economic principles and in the throes of a major upheaval of how we manage our nation's wealth. Perhaps this will only come if the situation turns far more dire for the middle class?

by Christopher Heiser on January 26 15:34
© Copyright 1992-2017, Christopher Heiser. All rights reserved. Powered by Chlogger!