11 Reasons Why America’s A New Socialist Economy

I found this great article on Market Watch by Paul B. Farrell about why and how America is turning into the world’s newest socialist economy. Among the reasons are the moral character of our leaders (both government and business leaders), the Fed bailing out banks like Bear Stearns’ by dumping liabilities on to the taxpayer’s and planning to do the same with Freddie Mac and Fannie Mae, and trade deficits among other things. He doesn’t blame one side, but places responsibility on the incompetence of both the Democrats and Republicans. All in all, it’s a great article, and I highly recommend you read it.

Read: 11 Reasons Why America’s A New Socialist Economy

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