Privatization Quotes



Ironically the far right wing Fascists and the far left wing Communists agreed on this point: nationalization.


By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.


Churchill detested Attlee both personally and for his political philosophy which was left wing especially favoring government nationalization of all large industry and business. Churchill walked into the very large men’s room and saw Attlee at a urinal and one end. Churchill, setting Attlee up, walked all the way to the other end of the row of urinals and began to use one there. Attlee commented that Churchill was appearing very standoffish to be urinating so far away. Churchill, then let loose with this repartee. See {620650} for another put down of Attlee.


China was going though a major change of economic structure and national policy, moving to a Western style, capitalist, market economy. This was led by Zhao and Deng. However there were ensconced communist, Marxist idealogues still in place in the government, and a few of them were very vocal about their negative reaction to this abandonment of socialist principles. One economists who was particularly vocal was thus warned and reprimanded by Zhao. He got the message.