Friday, 26 September 2008

The making of the free-market meltdown

from US Socialist Worker 24 September 2008 "Rather than nationalize the banks' losses, the government could nationalize the banks – period. Letting the free market run its course has created the worst financial crisis since the 1930s. Why should the same people who created this catastrophe be allowed to continue to run the financial system, and pull down hundreds of millions in executive compensation? ...with the credibility of the free-market ideologues destroyed by the crisis and the pressing need for relief for working people, there's an opportunity to demand the far-reaching reforms that will benefit the majority who are suffering in this recession."
- Lee Sustar
Read the full interview with Lee Sustar on the financial crisis gripping the US and the world.

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