Re: [Pen-l] Desperately seeking/avoiding nationalization

[Shane Mage <shmage@xxxxxxxxxxxx>]

On Jan 17, 2009, at 6:08 AM, Ann Davis wrote:

I think a relevant, realistic discussion of the pros and cons of nationalization would be extremely helpful.

pros:

--it would put responsibility for the financial system squarely upon elected and accountable functionaries

--it would open the books to unmask all the fraud and looting perpetrated over the past generation, enabling substantial recovery from the swindlers and looters

--it would enable the mobilization of capital resources indispensable for the massive longterm program needed to rebuild the US (and world) economy on the carbon-and-nuclear-free basis of unlimited solar/aeolian energy

cons:

--the Dumbocratic and Republicon *cons* (french--translation "assholes') owning the government would use the nationalized banks not in the interest of the human race but only as a medium for new forms of swindling and looting

--the profits from that looting and swindling would impel those cons to do even more to wipe out the last traces of American democracy.

Shane Mage

This cosmos did none of gods or men make, but it

always was and is and shall be: an everlasting fire,

kindling in measures and going out in measures."

Herakleitos of Ephesos

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