Chris Burford wrote:
In 1848 the state did not have the variety of instruments to enforce its
pressures, short of dictat. What has happened is social democratic rather
than socialist, but it is still a step towards another of the demands of the
Communist Manifesto
"Centralization of credit in the banks of the state, by means of a national
bank with state capital and an exclusive monopoly. "
- yes not an exclusive monopoly, but increasingly it is about recognising
that *world wide* there is no alternative to oversight of the credit of the
world as a whole by a coalition of central banks.
October 1, 2008
Are bailouts Marxist?
(clip)
Taking a step up from Perkins intellectually (we are being charitable)
is a blog commentary that appeared in the Canadian National Post on
September 29th. Written by Martin Masse, the publisher of the
libertarian webzine Le Québécois Libre, it makes Henry Paulson a
latter-day member of the Communist League:
In his Communist Manifesto, published in 1848, Karl Marx proposed 10
measures to be implemented after the proletariat takes power, with the
aim of centralizing all instruments of production in the hands of the
state. Proposal Number Five was to bring about the “centralization of
credit in the banks of the state, by means of a national bank with state
capital and an exclusive monopoly.”
If he were to rise from the dead today, Marx might be delighted to
discover that most economists and financial commentators, including many
who claim to favour the free market, agree with him.
full: http://louisproyect.wordpress.com/2008/10/01/are-bailouts-marxist/
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