“The idea that markets were always right was mad”, right-wing French President Nicolas Sarkozy stated, according to a September 29 Businessweek.com article. “The all-powerful market that always knows best is finished.” The recent bank take-overs and bail-outs by capitalist governments has led to much commentary on the irony of militant neoliberals resorting to strong state intervention. Venezuelan President Hugo Chavez stated on September 21: “I nationalise strategic companies and get criticised, but when Bush does it, it’s OK.” “Bush is turning socialist. How are you, comrade Bush?” In an article entitled “We’re all socialists now, comrade”, a horrified Simon Heffer wrote, with apparent seriousness, in the October 9 London Telegraph: “For the Government to take stakes in our leading banks in order to re-capitalise them is...
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