Nationalization road map…

Usually when the World Bank officials visit any developing country the first thing they request is elimination of any subsidizing scheme to any good, starting for bread ending with fuel. They claim that all activities should be privatized even sun-rays (if they can)….I wonder whether they shall say it again ….the Capitalism has collapsed and announced dead  the minutes the bail out scheme was approved. It is a literally nationalization scheme of the private sector.

It is not first time that the private investment has to be taken over by the governments; for example it happened before in 17^th century during the railway investment fever.  A lot pyramid schemes and the private investments proved fraud and lot of small investors lost huge money to fraud schemes, thus publicized.

When the Communism failed, the west went into a hot rampage pushing all the developing countries to abide by the rules of capitalism and sell all their national assets to private sector and a new wave of privatization fever….that was mainly in the early nineties and specific after the collapse of then USSR….what shall be the case now, shall officials of the world bank run around again with a new theory of nationalizing assets is the way forward to revive economy….I believe in this crisis the world bank as the capitalism castle has lost face and cannot be redeemed…I wonder what his officials shall say to all those countries that they once told that the only way to revive economy is privatization???!!

The wondering mind of…

Ned

Politicians as economic good….

Tomorrow the world celebrates the International Day for the Eradication of Poverty (October 17^th) by turning a lot of middle class people into poor. This sacrifice to the blood sucking poverty is a pledge to let major financiers and board directors survive the markets crash and maintain their mansions in the Riviera and alike.

The same head of states and leaders who rushed and instantly committed a lot of money and made budgets available to support and save their friends and golf-mates in the financial institutions, dodged committing same amounts for social needs, medical and education security for urban poor communities, in the name of market dynamics and finance mechanisms. Suddenly all the cash is made available to bail their financiers from their crisis.

From the preceding and by logical deduction, it is obvious that financing political campaigns is the best investment in the market and politicians are the best economic good that money can buy.

I would call on all governments to make available a list of the major share-holders and the annual accruals and benefits of all persons sitting on the boards of directors of those stumbling financial institution, for the tax payers to know which fat cows they salvaged.

Tax payers should be proud that they saved such miserably rich people; who embezzled millions of dollars on golf tournaments, cocktail parties and bribing their venal politicians all over the world. They should take pride at every roadside and celebrate the poverty day by embracing poverty themselves and their siblings for years to come.

The politically deprived mind of ,

Ned