So, if the People are going to come to the aid of capitalism, is that socialism? The Republicans think so. Let’s say they are right. Let’s say it is socialism. Okay. Fine. I say, let’s raise the red flag. Let’s sing the Internationale. Let’s take those shares in those debt-besotted companies that we’re going to get for the bail out and put some People on the boards. (I’m not saying Palin-people. I mean Krugman type people.)

Let’s invest the money in retooling and research and development of improved products. Let’s relieve those businesses of the burdens of health plans by creating the biggest pool of people that there can be — all of us. In the process, we can take all that money we already spend on health care, one way of the other, and use it to subsidize the system. And let’s restructure all that debt that industries have. Let’s cram it down the financiers’ throats. (After all, that’s one industry that can’t move offshore anymore than it already has. Where are they going to move to?) Read the rest of this entry »