Don't socialize the losses - take the whole thing!
Socialize all of finance under democratic control!
Publisher: International Luxemburgist Network
Date Written: 01/11/2008
Year Published: 2008
Resource Type: Article
Cx Number: CX8403
A demand that a few weeks ago would have seemed leftist utopianism is now entirely reasonable and indeed the only practical solution. If ALL the financial institutions- banks, insurance companies, saving and loans, pension funds - become state property, their worthless loans to each other can be wiped off the books as the mere paper that they are.