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Another Step To A Socialized Economy
The United States claims to stand for free enterprise and capitalism. That has been false for many years -- a huge percentage of American industry is dependent on government handouts and business. Now, with a judge's ruling that the big airlines can renege on their promises of pensions to their workers -- with the taxpayer having to pick up the multi-billion dollar tab -- the US takes a further step to the full socialization of the economy.
The American economy -- already one of the least efficient in the world (look at the trade and budget deficits) -- would collapse immediately if the US taxpayer stopped paying the bills. One day, I hope, the taxpayers will understand that and take the appropriate action to end the bs.
May 11, 2005 in America Inc, Capitalism | Permalink
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Comments
Now, that's not entirely true. We're only socializing the costs. The benefits, those we privatize into the hands of the already-wealthy, as God intended.
Posted by: paperwight | May 17, 2005 1:47:29 PM