Re: [Marxism] Stiglitz: is the entire bailout strategy flawed?

[Barry Brooks <durable@xxxxxxxxxxxxx>]

> There is an alternative. We should begin
> to consider it.

Alternatives exist. Make a list.

If we must choose only one alternative is 
should be socialism.

Another alternative would be a stimulus to 
people instead of business.

Stimulus money for workers is off the table. 
Stimulus to banks is all Stiglitz dares to 
mention. He should begin to consider taking 
off the gloves and throwing a few real punches.

His big idea, singular alternative, is to 
make a one-time profit by nationalization of 
the banks, then
> ...we can once again privatize the failed 
> banks.

What's wrong with Nationalizing the banks and 
never privatizing them again?

Why do I bother thinking about Stiglitz?

Barry


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