driveby Posted April 23, 2009 Share Posted April 23, 2009 Seems like we have some very different definitions of socialism around here so lets see if everyone agrees with the toe sucker. And whoever controls the banks controls the credit and, therefore, the economy. That’s called socialism. Link to comment Share on other sites More sharing options...
Kid Cid Posted April 23, 2009 Share Posted April 23, 2009 I've reached the point that even if there is good information in an article, if it carries an obvoius political bias it is almost entirely worthless to me. It tells me that the writer is more focusd on advancing his or her political agenda than he or she is in actually reporting a story. It's a shame really. Link to comment Share on other sites More sharing options...
Ursa Majoris Posted April 23, 2009 Share Posted April 23, 2009 Meanwhile, to keep its leverage over the economy intact, the Obama administration is refusing to let banks and other companies give back the TARP money until they pass a financial “stress test.” Nominally, the government justifies this procedure by saying that it does not want companies to become fully private prematurely and then need more help later on. But don’t believe it. They want to keep the TARP money in the banks so they can have a reason and rationale to control them. This is utterly baseless. It is speculation. The government rationale makes perfect sense. Furthermore, exactly what have these banker wankers done to deserve being let off the leash again? Link to comment Share on other sites More sharing options...
Pope Flick Posted April 23, 2009 Share Posted April 23, 2009 Government controlling the means of production = socialism. Aren't you a teacher? Also, in regards to TARP funds: the large banks were all forced to take the money, so those that did not weren't looked at as healthier than those who did. Same rule applies here: if 3 banks return funds now, the banks that don't get saddled with the perception they aren't healthy which could cause a run on them towards the others. Also, if they're so flush with cash, then why aren't they lending? Oh yeah... Link to comment Share on other sites More sharing options...
driveby Posted April 23, 2009 Author Share Posted April 23, 2009 Government controlling the means of production = socialism. Aren't you a teacher? Also, in regards to TARP funds: the large banks were all forced to take the money, so those that did not weren't looked at as healthier than those who did. Same rule applies here: if 3 banks return funds now, the banks that don't get saddled with the perception they aren't healthy which could cause a run on them towards the others. Also, if they're so flush with cash, then why aren't they lending? Oh yeah... Socialism is not a concrete philosophy of fixed doctrine and program; its branches advocate a degree of social interventionism and economic rationalization, sometimes opposing each other. Another dividing feature of the socialist movement is the split between reformists and the revolutionaries on how a socialist economy should be established. Some socialists advocate complete nationalization of the means of production, distribution, and exchange; others advocate state control of capital within the framework of a market economy. Socialists inspired by the Soviet model of economic development have advocated the creation of centrally planned economies directed by a state that owns all the means of production. Others, including Yugoslavian, Hungarian, Polish and Chinese Communists in the 1970s and 1980s, instituted various forms of market socialism, combining co-operative and state ownership models with the free market exchange and free price system (but not prices for the means of production).[8] Social democrats propose selective nationalization of key national industries in mixed economies and tax-funded welfare programs and the regulation of markets. Libertarian socialism (including social anarchism and libertarian Marxism) rejects state control and ownership of the economy altogether and advocates direct collective ownership of the means of production via co-operative workers' councils and workplace democracy. wiki How about now? Link to comment Share on other sites More sharing options...
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