Sunday, April 4, 2010

Investment Controls and Corporate Wages

For background, note these facts you almost never get from the media on business:

We have already often noted in these reports how the government sets wages of some employees. Or how they fire some employees, as the feds have done with General Motors and Chrysler. Or how the banks are interfered with. All under the guise of being rescued.

This happens with federal government bailouts, and it is one of the problems encountered in such forms of state socialism. Where government is honest enough to describe it as socialism.

If you think I am exaggerating, look up the discussion of state socialism in an encyclopedia. While you are at it, learn history. Review that of Italy under Benito Mussolini in the 1920s and 1930s. It will be an eye-opener for every American today, who worries about the fed controlling or influencing industry.

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