Joanna wrote: > Yeah, the representation of the bailout as "socialism for the rich" has been > driving me crazy too. I sent the following to the SF Chronicle: > > This "socialism for the rich" phrase that's bandied about is driving me > nuts. "Socialism for the rich" makes as much sense as "orgasms for the > dead." The point of socialism is to forbid the psychopathic few from > grabbing 98% of all there is, while the rest of us toil endlessly to make > them even richer.
That may be the point of socialism for you and me but alas, none of us have any kind of control over how words are used in practice. Typical economists use the word "socialism" to refer to any kind of statism (for them, government interference with the market) while a lot of leftists have used the word to refer to despotic statist regimes such as that of Stalin. The solution for most people is to use a two-word phrase such as "democratic socialism." Or they stretch it out to three... -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
