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Don't socialize the losses - take the whole thing!
Socialize all of finance under democratic control!

Lerner, Eric

Publisher:  International Luxemburgist Network
Date Written:  01/11/2008
Year Published:  2008  
Resource Type:  Article

A demand that a few weeks ago would have seemed leftist utopianism is now entirely reasonable and indeed the only practical solution. If ALL the financial institutions- banks, insurance companies, saving and loans, pension funds - become state property, their worthless loans to each other can be wiped off the books as the mere paper that they are.


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