The Capitalist Shakedown By William Bowles

12 October 2008

Marx Revisited“It is only in these dire circumstances that the United States, where private property is more sacrosanct probably than anywhere else in the world, is talking about some kind of nationalization of banks, if only limited. In financial circles they are now calling this ‘regime change,’ borrowing the term of course from a different context. But it is clear what it means: the end of neoliberalism, and the rise of aggressive government interventions into the economy. It represents a clear recognition that this is not a liquidity crisis that can be solved by pouring more money into financial markets or by lowering interest rates.” — Interview with John Bellamy Foster, “Can the Financial Crisis Be Reversed?

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