Quote:
Originally Posted by Charlatan
Can we stop with all the Bailout = Socialism nonsense... The bailout is not socialism but rather just a continuation of crony capitalism.
Socialism takes the nation's wealth an redistirbutes to the wider population. This bailout was never going to do that. It was going to benefit only those in the upper eschalons... The ones who were going to pay for it were the wider population (Public wealth into Private hands).
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I haven't noticed that too much in this thread, but it's absolutely correct. I think there are a lot of people who love to throw around the names of various economic systems without having a clue what those systems actually mean.