Saturday, November 27, 2010

What's the word: GM - Socialism OR Capitalism?

When the World's icon of democracy (US) bails out a poorly run private enterprise (GM) - critics derided that move as Socialist.

http://www.msnbc.msn.com/id/31546668/ns/business-autos


http://townhall.com/columnists/HughHewitt/2009/06/09/gm_the_msnbc-endorsed_car_maker

After the bailout, when the US Government relinquishes some of its shares into the hands of the monarchist and communist entities during the GM IPO, it is cheered as the hallmark of capitalism.

- 1% owned by Saudi Prince, Alwaleed bin Talal al-Saud, from the royal family of Saudi Kingdom - an Islamic Absolute Monarchy

- 1% owned by SAIC, an entity owned by the Chinese Government - a Single party state governed by the Communist Party of China

Strange Definition Indeed

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