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what is proposed is not the nationalization of private corporations but rather a corporate takeover of government. The marriage of highly concentrated corporate power with an authoritarian state that services the politico-economic elite at the expense of the people is more accurately referred to as "financial fascism." After all, even Hitler never nationalized the Mercedes-Benz company but rather entered into a very profitable partnership with the current car company's corporate ancestor, which made out quite well until Hitler's bubble burst.

Robert Scheer, in the Nation, senses that the tail and the dog may be just the reverse from what our popular wisdom suggests.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Thu Sep 25th, 2008 at 12:58:57 PM EST
Certainly as you noted, there's lots of questions to be asked about Paulson's conflict of interests.
by Metatone (metatone [a|t] gmail (dot) com) on Thu Sep 25th, 2008 at 01:03:34 PM EST
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