Don't socialize the losses - take the whole thing!
Socialize all of finance under democratic control!
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.
© 2019. The information provided is copyright and may not be reproduced in any form or by any means (whether electronic, mechanical or photographic), or stored in an electronic retrieval system, without written permission of the publisher. The content may not be resold, republished, or redistributed. Indexing and search applications by Ulli Diemer and Chris DeFreitas.