Financial crisis: We're all socialists now, comrade

[Blueswordangel]

Financial crisis:
We're all socialists now,
comrade

A quarter of a century ago, in the era of the Labour manifesto that was dubbed (by a member of the Labour shadow cabinet) "the longest suicide note in history", when one wanted to depict the absurdity of the view of the world advanced by Tony Benn and Michael Foot one simply had to say: "They want to nationalise the banks!" People fell about laughing.


http://www.telegraph.co.uk/opinion/m.../09/do0901.xml

True.And it was done in stealth by the Illuminati over several decades throughout the West.Social Security and nanny state mentality.Change agents in schools,politics,and media.All while the sheeple sat in fromt of tvs and cheered simpletons playing games in stadiums.

[DiVineEnvy]

Is it socialism, or fascism? Maybe the distinction is just academic.

"Following a pattern it had set in earlier bailouts of smaller banks, the government set up a holding company, which it financed together with the central bank. This company acquired all the corporate shares held in the portfolios of the banks at the higher historical, not current prices. Thus, the government not only provided liquidity to the banking system, but it also absorbed part of its losses. It also became the largest shareholder in a number of firms. Many of the industrial firms thus acquired were themselves on the verge of failing and benefited not just from the rescue of their banks but also from the direct infusion of public money" --Benito Mussolini