The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.
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At least someone has the balls to say it.
posted by: hostage4 Sep 8, 2008
My uncle and aunt live in China and they actually really like it there (they spent most of their lives in US). I said something to my uncle like, "But isn't China communist..." He replied, "It's only Communist in name, just like the US is only a Democracy in name."
posted by: Natalie Sep 8, 2008
I got bashed yesterday for saying that this was a Communist move. WTF? It sure isn't the free market in action...
posted by: liberteebell Sep 9, 2008
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