By: Dave Astor Many people have noted that the proposed massive government bailout of Wall Street is socialistic. Problem is, says Creators Syndicate columnist David Sirota, the bailout is America's latest example of "kleptocratic socialism" rather than democratic socialism.
In his Friday column, Sirota writes: "Unlike European comrades, our socialists rarely mandate returns on taxpayer investments. The same 19th century socialism that gave the Mountain West to railroad companies became a 20th century socialism subsidizing oil and drug industry profits. Now, our 21st century socialists propose giving financial industry con men the national credit card...."
Sirota adds that America's socialists "nationalize to preserve inequality and force the public to own the means of worthless production.... Close a factory in socialist Denmark, and workers get immediate government help, along with their free health care. Shutter one in Ohio, and workers get nothing, except politicians saying their jobs are never returning and national health care is 'unaffordable.' But if investment banks teeter, those same politicians quickly find billions for bailouts."
The full column can be seen
here.
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