04
Jul
09

Roundup – Fourth of July

July 4th: Exploding the Myths

Line O’ The Day:

“OK, a brief excursion into cosmic truth. First, socialism. Hard-line conservatives with little grasp of economics refer to anything they don’t like—Hillary, national health care, regulation of anything if it might cost them money—as “socialist.” It’s a utility pejorative, devoid of meaning, as “racist” and “elitist” are for political south-paws. Socialism is of course a system in which the government owns the means of production. Check your dictionary.  Ah! But in America, the means of production own the government. Inverted socialism it is. Here is a far better thing. If you are a means of production, anyway.” [FredonEverything]

Bloomberg:

Seeking Alpha:

NEWSICANE:

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