Tuesday, October 7, 2008

Nationalizing The Economy, Socialism USA

China over the last 30 years has concentrated on denationalization to turn its Socialist command economy into a free market economy...but while China is moving closer to a free market economy, the United States takes more and more of Socialist measures to save its collapsing financial markets.

More here from Asia Times.com

On Friday I wrote here Congress nationalizes mortgages despite the overwhelming opposition by voters who were calling lawmakers in record numbers urging them not to support the Wall Street Bailout plan.