The financial slight-of-hand now in force has created such imbalance between the equity of major financial institutions and the outstanding loans that they have already incurred, that the state must be transformed into the creditor of last resort, in d…

Things have been out of kilter in the US for some time now. The mistake made has been the failure to acknowledge and address that this is so, exactly the same mistake socialist regimes have made/

So, whether someone is a disciple of socialism or free markets, if you don't like the opposite of what you're preaching, then avoid a backlash by dealing with the negaive consequences in a temely fashion.

The economic and political systems that arise are a continuum. a tug pf war between the elite and the masses When conditions are out of kilter, there is unrest and upheaval, and the pendulum swings again.

Where did I imply that? don_q implied that the socialist wannabes of the U.S. keep communism from taking hold whereas it really did take hold in large parts of the world after World War II. I guess Don_Q was taking about the Marshall plan but the long term effects on the free market economies of the Marshal plan is debatable.

Considering that a large portion of the world ended up Communist after WWII, I would not crow about their success. They took the U.S. economy and turned it into a command economy for a few years. Then they spent the next thirty years believing that they could do the same thing during peacetime. Look at the number of state support monopolies that existed after world war II. Look at how the ICC tried to determine who could compete in the transportation market place. Look at the cities like NYC that will have the legacy of rent control due to socialist wannabe economic planners.

You mean the guys who prevented Communism, Socialism & Fascism from taking root in the wreckage of the Capitalist System and then went on to win WWII.

You may want to look back at the 1930's when the government began deciding who could sell milk and want the price had to be to see the last time socialism was tried. You should also look at the economic planners who were in the Roosevelt Administration during World War II. It took the Democratic Party decades to get over the idea that a slow, lumbering government could actually plan a government for the long term.

Of course, it would take someone in France to talk about the government taking over the economy during the same week that the a report on the absolute failure of large, inner city schools to educate more than a few of their students.