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Politics : The Obama - Clinton Disaster
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To: SGJ who wrote (17499)8/18/2009 5:53:27 PM
From: Broken_Clock  Read Replies (1) of 103300
 
so·cial·ism [soh-shuh-liz-uhm] Show IPA
–noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

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Since you call yourself a banker, would you care to comment on the socialization ongoing in FIRE? At least as far as losses go?
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