Tuesday, November 11, 2008

-1 for Socialism

Another lesson on the pitfalls of socialism / nationalizing private business:

Fannie, AIG Struggling After Federal Takeover on washingtonpost.com

Though we could have predicted that by looking at history. How about we work on privatizing more government programs instead and letting competition work. Potentially painful? Yes. But the markets have a better chance of picking the best solution than the government, which seems to specialize in putting down layers of ineffective inefficiencies.

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