[quote=tapdoubt]
This unexpected overlapping of the left’s views with those of conservative Republicans should give us pause. What the two perspectives share is their contempt for the big speculators and corporate managers who profit from risky decisions but are protected from failure by “golden parachutes.”
[/quote]
Yes, both have contempt, yet the bailouts continue. Do they really have contempt, or are they just saying they have contempt while funnelling money to the bankers ?
This is not a failure of either political ideology. It is a failure of Congress to realize that the Reserve Banking system is not good for either ideology.
[quote=tapdoubt]
Is the bailout then really a “socialist” measure? If it is, it takes a very peculiar form: a “socialist” measure whose primary aim is to help not the poor but the rich, not those who borrow but those who lend. In a supreme irony, “socializing” the banking system is acceptable when it serves to save capitalism. Socialism is bad—except when it serves to stabilize capitalism.
[/quote]
The bailouts aren’t saving capitalism at all. The bailouts are saving a small group of people. It just shows that Repubs have simply jumped the shark. They aren’t capitalists any more, they are simply crooks, funnelling money to the bankers in the name of saving capitalism.
The bailouts are ruining capitalism by keeping bad decision makers solvent. True capitalism would allow these screw-ups to collapse and disappear, to be replaced by something else more efficient. In short, the politicians are lying to us or simply don’t understand.
And somehow, the Dems have been convinced that saving the banks is necessary to help regular every day Americans.
The stupidity of socializing the system to save capitalism is simply a logical failure. Never should have happened.
[quote=tapdoubt]
… one just has to take one side or the other, politically.
There is a real possibility that the primary victim of the ongoing crisis will not be capitalism but the left itself, insofar as its inability to offer a viable global alternative was again made visible to everyone. It was the left that was effectively caught out, as if recent events were staged with a calculated risk in order to demonstrate that, even at a time of shattering crisis, there is no viable alternative to capitalism. [/quote]
You don’t have to take one side, politically because both sides supported the bailouts.
Certainly, capitalism, needs to survive, but there are no capitalists left. The Repubs are crooks and the Dems want to socialize the system but realize that socializing the system helps the bankers.
