outubro 07, 2008

Life Jacket Capitalism


"A system in which government must frequently intervene to protect the world from the results of private financial misjudgment is modified capitalism—part invisible hand, part helping hand."

"Where right-wing critics denounce the Paulson plan as socialism, those on the left see it as a form of corporatism. This was the economic philosophy of fascist Italy, which Mussolini defined as a merger of state and corporate power. Under such a system, the largest industries function as adjuncts to the regime."

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