Monday, September 29, 2008

The Truth about the Wall Street Bailout

See Video: The Truth about the Wall Street Bailout: How "Free Market Capitalism" Really Works. Nader and Chomsky Explain the Game, a Nanny State to Take Care of the Rich

Presidential candidate Ralph Nader (subscribe to the Nader channel) has a good video about the wall street bailout, I'll play you a short clip and also a clip of Chomsky talking about capitalism in the real world .

r is right, the bailout is yet another example of socialism for the rich which has been the game that's always been played. ALSO SEE: We have State-Capitalism NOT Capitalism

I recommend this CD of Noam Chomsky talking at Harvard in 96: Free Market Fantasies, Capitalism in the Real World

Chomsky explains that the free market theory sold to the public is just a fantasy. He shows how in the real world, different rules apply to the rich. the rich make sure they have the nanny state to take care of themselves. We are being played for fools. Let's get the word out.
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Julia said...

Chomsky and Nader make me smile.

Nick said...

Nice post. I hope Michael Moore`s new film looks at capitalism from this perspective too: