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So does this mean we have socialism via the back door?

For the US, half of the budget goes to the military. That is, it is government supported employment. The fact that firms like Lockheed are nominally private doesn't change the fact that they exist only because of government payments.

I imagine that health care in most of Europe could be considered a government supported industry, regardless of who provides the services.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Tue Apr 11th, 2006 at 09:50:22 AM EST
Whatever about Socialism, it's certainly not free-market magic. Drew would say something about Keynes at this point I imagine.
by Colman (colman at eurotrib.com) on Tue Apr 11th, 2006 at 10:02:05 AM EST
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Actually, it is free market «magic». But it has to be paid back, with interest. Only the temporary aberration of low i terest rates has made it sustainable for so long.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Apr 11th, 2006 at 11:48:44 AM EST
[ Parent ]
Free-market necromancy maybe: Dr Frankenstein zapping the corpse.
by Colman (colman at eurotrib.com) on Tue Apr 11th, 2006 at 11:51:28 AM EST
[ Parent ]
Bingo.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Tue Apr 11th, 2006 at 01:19:30 PM EST
[ Parent ]

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