Politics and Press

Socialism, U.S. Style

Bill, a friend of this Blog, writes the following after mistakenly turning on the “O’Reilly Factor”:

My Economics Professor at Rutgers once commented that in America, it was “socialism for the rich and the corporations but capitalism for the rest of us”. Nothing has changed; recently Bill O’Reilly was bashing universal healthcare as socialism. Yet when we socialize the cost to general electric for polluting a river, or Halliburton for delivering shoddy work in Iraq, or farmers for not growing crops, or Big Pharma for taking drug designs from the NIH - not a word is spoken. But the Bill O’Reillys of the world continue to pull out the same tired, cheap and shallow arguments. Just amazing that they do it and that people continue to tune them in.