Privatize the Profits, Socialize the Risk

February 23, 2009 at 5:52 pm

When times are good, Wall Street wants the government to get out of the way so that the market can “work.” Translation: Privatize the profit. When times are bad, Wall Street wants the government to step in and play a role in the economy. Translation: Socialize the risk. If you […]

The Case for a More Progressive Economic Philosophy

September 21, 2008 at 9:57 am

The power has been out in much of Southwestern Ohio this week and that may have been a blessing for many people as they didn’t have to watch the collapse and subsequent bailout of Wall Street. Lehman Brothers goes under and the government has to step in to rescue insurance […]