"I hadn't heard of "Lemon Socialism"."
AFAIK, Bob Reich coined it.
tpmcafe.talkingpointsmemo.com
"Problem is that there are too many lemons, not enough limes."
Especially key limes. Jonesing for a pie right now...
That's the big problem, now isn't it? The way I see it is the very foundations of the world economy, post Great Depression, is being challenged. And the response has not been inspiring. Personally, I don't think there is a win in this, but I don't have all the pieces. Not sure if anyone does, but the pieces I have fit together in very ugly ways. I think when we come out of this, and we will, sooner or later, things will be fundamentally different than they are now. The worst thing to do is trying to maintain the status quo. Japan tried that when their economy belly flopped in the 1990s. And they still are struggling to get off the floor. We, at least, aren't repeating all of their mistakes, although we have with some. As bentway has been whining, no company should be "too big to fail". We have tried this in the past, and the track record isn't good. Because they can actually be "too big to fail". That was one of the things that fueled the Panics of the 1800s. Some large company would over-reach, fail and drag everyone down with them. Hard to form capital, and keep it, in an environment like that. |
