Tuesday, September 23, 2008

Fascism

I found this quote on a blog I frequent. I thought it was fitting considering the socialization of worthless paper that is about to cost US taxpayers $700 billion (and also hand over full control with no oversight of the cash to 1 individual). It's fair to note that there is no market for this paper, and therefore it has no value. Why this should cost the tax payers anything is beyond me...but then again, I never thought fascism made sense anyway:

"The Italian Charter of Labour says that private enterprise is responsible to the state . . . [but] it is the state, i.e., the taxpayer, who has become responsible to private enterprise . . . . Profit is private and individual. Loss is public and social."

--Gaetano Salvemini, Under the Axe of Fascism(1936), p. 380. (Salvemini was a critic of Italian fascism under Mussolini).

4 comments:

Chris said...

Don't follow, because you are rambling.

Josh said...

rambling is what i do

Josh said...

i think it makes sense if you're paying attention to current events over here in the west

Chris said...

Sorry, people who can't make payments on their houses due to falling wages is the real culprit. The bailout is only the result.