Wednesday, September 24, 2008

We're all in this together.

26 comments:

Anonymous said...

Genius.

Though, based on what I've read, Engels should just completely be encircled by Marx. :P

Randon said...

Actually, You should probably have Keynes in there someplace.

Probably a circle for Engel within a circle for Marx with a square for Keynes intersecting both.

Paulsons proposal is not Communist, by any stretch (He's not talking about nationalizing the financial markets), but definitely a move from Friedmens free market economics toward Keynes Mixed economic theories.

Economic Hobbiest/Nerd

Redshift said...

Ah, but he did come pretty close to nationalizing AIG.

Mandaliet said...

"Capitalism will always survive in the United States as long as the government is willing to use socialism to bail it out." - Nathra Nader, Ralph Nader's father

Sarah said...

Socialism for the rich, capitalism for the poor.

Randon said...

Actually, I think it is more Capitalism for the Rich, nothing for the poor.

Anonymous said...

"There are no atheists in foxholes and there are no ideologues in financial crises." -Ben Bernacki

Mike said...

Too bad the social security trust fund wasn't privatized. That would have funded PART of the bail out! Or bought a few more bullets for Iraq.

jim schmidt said...

Interesting how they want to privatize the profits, but socialize the losses. The ultimate in cake and eating it, too.

hiitsme said...

Wouldn't the bail out cost nothing to the tax payer? After all, everybody who ever quoted Reagan approvingly

"The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'"

which surely includes every official at every financial institution in distress, will not accept or use the government's money?

(insert your favorite irony/sarcasm sign here)

librarianwoes said...

More like:

Rock
Hard Place

American Citizen


Or,

Trampled Rights
War on 2 Fronts
Financial Ruin

/ AMERICA >

Thomas said...

$700 Billion. Wow.

I bet you could buy a house in Southern California with that kind of money.

Sleepy G said...

i wish George Orwell was still alive

Randon said...

Oh, I think George Orwell is alive and well, or at least his vision is alive and well.

Angela said...

I WISH. Marx/Engles's vision of communism (largely stolen from the practices of indigenous peoples in the Americas) was aimed at spreading the wealth evenly, so that both the gains and losses were shared. I'm not saying I agree entirely with communism as Marx and Engles envisioned it, but it was a hell of a lot better than what's going on right now.

Ex-Goldman Sachs CEO Paulson's plan is really just a nice show of exploitation. He's saying, "look, we've broken your markets, and demand 700,000,000,000 dollars to even think about fixing them." That money comes primarily from the poor and middle classes, and goes to the super-rich who already have lots of personal wealth. Do they really need that much? And why can't it be reviewed in court/congress? And why isn't it a loan? Will the bailout actually work? There are serious questions that need to be discussed.

Privatizing the gains and "socializing" the losses =/= Communism or Socialism. It does equal ever hardcore capitalists wet dream, though....

Anonymous said...

Recent Finance issue nearly caused an insurance company to bankrupt.

Who fault? Shouldn’t we take this opportunity to tune back the incorrect system, or we will wait till the next few generations to meet the similar issues again…..?

Should the top management bare responsibility....?

The top management of the ( not private company ) listed company salary should be tied a portion of it to the shares.... so when the shares price drop, it don't just penalize the investors, but those who don't take care of the company.....

They only talk about how bad the crsis will be, but they did not give regulation measures…..

Since the congress is discussing….. Shouldn’t we concern about its individual congress members standpoint and their opposition candidates standpoint within their own states…….

Should $700b be pump into the all industries of the economy instead?




最近保险公司将近倒闭。。。。

是谁的错。。。。? 不在这个时候扶正回来,难道要等到下几代在遇到同样的事吗?

高级管理层该不该付起责任?

上市公司的高级管理层工资是不是应该和上市公司的股票价值挂钩呢?

龙的传人应该没这么好骗吧!。。。。先学基本面分析法,才来学技术性分析法。。。。

如果认为有理的话,请支持与告知,让更多人戒乱玩股票,力量才会大。。。。。。还有拨个电回家报平安吧。


http://remindmyselfinstock.blogspot.com/

Smashed said...

Maybe instead of "Engels", it should be "Mussolini"

Smashed said...

... and it's Socialism for the Rich, Fascism for the poor.

Anonymous said...

It should be "Hitler" + "Mussolini", not Marx & Engels. Fascism was 1930s capitalism's response to crisis, and used the State to shore up elite capitalists interests.

Just like the American tax payer is bailing out the broken finance "industry" today, the Germans bailed out the broken steel, railroad, etc. industries in 1930s fascist Germany.

Like others said earlier, this is all about "socializing" losses. It's sick. If the taxpayer is going to have to bail out the people who hold their mortgages, they should at least not have to pay interest anymore...

Jesse said...

What does not kill the market makes it ... stranger.

Anonymous said...

Simplistic idiots


Tin Foil Hat conspiracy theorists















......

Will Farris said...

Herm. Lots of commie readers here. (Sarcasm FYI) But seriously... We got the power here, you don't want to fund it, don't pay taxes. Or leave. Thats my plan.

bobvis said...

will, even if you leave, you are still legally obligated to pay taxes, unfortunately.

mijnheer said...

Marx and Engels would not want to bail out capitalism. Their vision of communism was one in which the state (inherently an instrument of class oppression) had withered away.

The Engels circle should be entirely inside the Marx circle? Wrong. Engels made original theoretical contributions in terms of his "dialectics of nature", which greatly influenced Lenin and became the foundation of "dialectical materialism". Many scholars doubt that dialectical materialism is even compatible with Marx's own theory of history.

raysways said...

Angela, you have NO CLUE. Schmitt, dead on. As to intervention, the reason at the moment is political, not ideological - the gov. has a responsibility to "maintain orderly markets". Here it means to put a stop to the panic before there is more arbitrary damage - the runaway train, so to speak.

Anonymous said...

Well, I have been away from the media for almost 24 hours, so this story was not in the front of my consciousness, so when I first saw the diagram, I immediately interpreted it with Pat Paulson and Groucho Marx, and Engels being Engles... Pat Paulson was a comic who mock-ran for President years ago, for those too young to get the reference. Current situation not near so funny, sad to say... --Dana

 
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