Fascist Economics: "The State Pays For The Blunders Of Private Enterprise... Profit Is Private And Individual. Loss Is Public And Social"

A former senior advisor to the U.S. Treasury and highly-regarded economics professor, Nouriel Roubini, says that Washington’s bail outs are “socialism for the rich, the well connected and Wall Street; it is the continuation of a corrupt system where profits are privatized and losses are socialized.”

In fact, this is a quintessential characteristic of economies run by fascist regimes.

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