[Marxism] Stiglitz: is the entire bailout strategy flawed?
Barry Brooks
durable at earthlink.net
Sun Feb 1 23:21:14 MST 2009
> There is an alternative. We should begin
> to consider it.
Alternatives exist. Make a list.
If we must choose only one alternative is
should be socialism.
Another alternative would be a stimulus to
people instead of business.
Stimulus money for workers is off the table.
Stimulus to banks is all Stiglitz dares to
mention. He should begin to consider taking
off the gloves and throwing a few real punches.
His big idea, singular alternative, is to
make a one-time profit by nationalization of
the banks, then
> ...we can once again privatize the failed
> banks.
What's wrong with Nationalizing the banks and
never privatizing them again?
Why do I bother thinking about Stiglitz?
Barry
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