http://www.kenniffonline.com/corporate-profits-wiki/
Privatization-vs-Socialism: A matter of convenience business?
Please help me to understand. How come no one calls things by name in connection with the $ 5000000000000 nationalization of mortgage giants Fannie Mae and Freddie Mac (among others), namely socialism? By definition, when a government nationalizes companies, which is a social act, as it is "… a central theme of certain brands of" state socialism "policy that means of production, distribution and exchange, must be owned by the State … "Please, Wiki it or look at its political science reference books. Could be that when times are good, corporations privatize the benefits internally within the company, but when times are bad, corporations nationalize foreign debt the public? We are witnessing a contemporary phenomenon occurring in today's financial markets. I have an MBA but it frustrates me to frustration. If anyone can explain this to me would be greatly appreciated.
Of course, it is socialism. Business has always tried to socialize losses and privatize profits. The government goes along with it when you think failure will allow more harmful to the public that the cost of socialization, and I think they were probably right in this case (Not always, attempts to see Sarah Palin in the dairy industry of socialization in Alaska). But if the idea is a short term attempt to correct the market imbalances until the market values shit like credit default swaps can be corrected and better regulation in place, then the government removed the goods, no damage.
RESPONSIBILITY #56 Wikipedia on Responsibility