Socialist America

Socialism seems to be alive and well in America, despite rhetoric to the contrary. The government bailed out Bear Stearns with a very large subsidy, while Congress has passed a law to support homeowners that are in danger of foreclosures. Not that this is necessarily a bad thing, but there's a slight cognitive dissonance in that a lot of people in power extol the virtue of a pure free market with minimum regulation.

Of course, the severe economic downturn is in large part due to the deregulation frenzy the current administration has been on (there probably still would have been a downturn, but it wouldn't have been as severe without the administration's policies). So it's a little funny to see them trying to fix problems caused by a free market agenda with socialist solutions. The White House seems to only support corporate socialism, though, since there was nary a peep from them concerning the Bear Stearns bailout, while they threatened a veto of the homeowner relief bill.

For the record, I'm neither a pure capitalist nor a pure socialist. I prefer a mix and match of whatever works.

2 Replies to “Socialist America”

  1. How is socialism a bad thing at all? You can thank socialism for your police system, your postal system, your schools, your library, your fire fighters, your social security and more.

    I think helping people out in a time of need is much better than letting America plunge into the next Great Depression.

  2. I think I misunderstood your post, sorry.

    Yea, I do agree--having pure capitalism is horrible, and pure socialism isn't perfect either. It is very ironic, indeed.

    My apologies, I completely misread it. In fact, I was surprised to have read this post again, not recognizing it and agreeing with it, only to see an angry comment of mine after hitting comment...apologies! Hehe.

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