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UNITED SOCIALIST STATE OF AMERICA

USA IS NOW USSA

UNITED SOCIALIST STATE OF AMERICA

Do you still feel that USA is a free market economy where government’s work is only governance? When USSR failed in the late 80’s, the western media was quick to point out that it is the end of Socialist character of the State. These experts pointed out that Capitalism is the best way for nations to prosper.

Now it is only almost 20 years from that timeline and US free market economy is in shambles. The champions of Capitalism are hiding their faces and it is only the government that has come to the rescue of failing companies. The biggest insurance company has already been nationalized (but they call it bailout). If the government does not nationalize its big banks, the US economy may go to its historical lows. In the name of free market economy the private institutions treated the public money as their own private money (not for public benefit as a trustee of that money). The government official and also the regulators utilized their freedom to the fullest to make them richer.

Now when the system is collapsing people are now describing Capitalism as privatization of profit and nationalization of losses.”

Taxpayers are being ripped off to save the private institutions. The US and other developed governments are doing just opposite what they prescribed to get rid of the South East Asian Crisis of late 90’s. At that time the western experts recommended closure of failed institutions and lowering of fiscal deficit by the respective governments. Now look what they are doing?

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