It’s Not “Typically a Form of Socialism,” It IS Socialism

From an MSNBC.com article headlined U.S. wading deeper into banking industry, wherein we are informed that the Obama Yes Men Singalong Chrous members are crafting a new “plan” to save the banking industry.

In its most extreme form, nationalization would mean that the government buys (or takes) all the shares of stock and takes over operations of the company, keeping the profits. Such state ownership is typically a form of socialism; major oil producing countries, for example, have set up state-owned companies to produce and sell oil, using the proceeds to pay for government services. (bold by ed.)

But don’t worry, comrades, its all for the public good.

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