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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Would like to understand fellow members fears of Socialism.
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Poster Handle
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JohnDoe |
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Post Content
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It appears to me that the present plan by the bankers is to privatize profits and to socialize losses.
How about this alternative: socialize the banks.
Not necessary to socialize everything - just make the banking business into an agency to the people where the money system becomes a mutual credit type system and seigniorage is assigned to the people.
Run the banking system as a non-profit or as a profit system with dividends dispersed annually to all adults in the nation.
Quoting: Anonymous Coward 590644Damn fine idea. And simple too. That's why it'll never happen. There would have to be something 'bad' in it for us if it were to ever take place. Best present alternative: EVERYBODY pull your money out of the bank.
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