In his classic 1932 book, Toward Soviet America, Communist Party boss William Z. Foster wrote about how “The United Soviet States of America” will come about.
"As a result of various capitalist crises, the national government would assume more and more control over the economy. “In finance,” ... “it will mean the nationalization of the banking system and its concentration around a central State bank…”Foster is dead, but the Wall Street financial “bail-out” plan offered by Treasury Secretary Henry Paulson, in coordination with the Federal Reserve, will bring about a socialist America. [snip]
Over at Political Affairs Magazine, a publication of the Communist Party USA, writer John Case is gloating. His article about the crisis is headlined, “A Dose of Socialism to Forestall Disaster.” He thinks that Paulson and Federal Reserve Board chairman Ben Bernanke have been reading the works of closet Marxists.
It would be an exaggeration to say that we are getting close to anything resembling the Soviet system. But it is also a big mistake to call this a “bailout.”
It is socialism. Why are so many in the media afraid of using this term?
[maybe because more American would be angry if they knew what was being done to them, step by step, and it might be stopped?]
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