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News A Move towards Market Socialism

A Move towards Market Socialism

Submitted by Ragnar Danneskjold | 1 year ago

Mises Institute - The recent financial crisis has renewed interest in old issues. The Bush administration has announced plans to buy $85 billion in preferred stock in what are (for the time being) private financial institutions, like Bank of America, J.P. Morgan, Wells Fargo, and Morgan Stanley. The total commitment by the Treasury is set at $250 billion.

Tags: George Bush, Karl Marx, free market, socialism, financial crisis

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