Why are some people calling these bailouts of C-level execs Socialism?
Mr Rothwyn asked:
All socialists share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. This means that what is happening is the opposite of Socialism. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Basil
All socialists share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. This means that what is happening is the opposite of Socialism. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Basil
October 31st, 2008 at 10:22 am
Because they think they know what they are talking about and they don’t. What they are meaning to say is Fascism, where the government regulates and oversees everything, but they think the two words are interchangeable.