Blututh's blog

The Fall of Capitalism?

Reactionary and shortsighted socialists, anarchists, and European free-marketeers believe wholeheartedly that the monies disbursed to private enterprises by the American federal government through investment and loans signify the beginning of the downfall of laissez-faire capitalist economics. I am not one of those individuals. While the privatization of profits and socialization of losses is both unsustainable and an abhorrent abomination of any principle the people of the United States have ever held, it is not the harbinger of doom for capitalism as it is practiced today. Obama's election and the Democratic control of both Houses of Congress will not change anything, as was promised to millions of easily deceived voters. Both parties are in the pocket of corporate interests, because reelection often hinges on how many dollars a campaign can glean from the pockets of interested parties.

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