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There are two types of nationalization.

One is when workers' interests are protected by ensuring credit organizations are publicly controlled, so that credit can be granted both transparently and equitably and resulting prosperity of the credit organization, if applicable, is returned to workers equitably.

Another is when the interests or shareholders and of the well-to-do are protected by ensuring their stakes in a credit organization, the fruits of the prosperity of which they alone appropriate for themselves in good times, are subsidized by the taxes on wages of workers in inevitable bad times like we are seeing today.

One is called socialism, the other is called corporatism and is an aspect of fascism. We can play semantical games about the dynamic, but economic liberlism necessarily leads to the latter.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Tue Jan 15th, 2008 at 10:56:53 AM EST

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