There were bank that did not need the bail out, but where forced into it anyway.
Originally Posted by Saizou
China's business plan is capitalist in a huge way. They are undercutting their own goverment. They keep the yuan artificially low to keep themselves competitive in the gobal market.
China? China isn't capitalist in any meaningful sense of the word. It has a mixed economy that has moved closer to a free market model, but the means of production are ultimately owned by the state, not by private operators.
Russia was broke before the 90's. You want to talk about house of cards. It's only when the "Iron Wall" fell, did we learn how much of a wreck Russia really was.
Russia, on the other hand, fucked itself in the ass by switching to capitalism back in the early 90's, so I'm not sure what you're trying to prove with that point.
The EU is trying and failing to help everyone(IE; Spain). Real life doesn't work that way. There will always be a lower class. This isn't Star Trek
And finally the EU is not socialist. Where in the EU are the means of production collectively owned by the workers? I don't think you'll find many countries where this is true.
Please his whole campaign was a bunch of socialist dreck.
Then again, all this is quite besides the point, which was that Obama is in no way, shape or form a socialist politician.
Even in Russia, there was no such thing as socialism. It's a fairy tale. The Heads of State in Russia were living in nice houses and had all the breadf and toliet paper they could want.
Castro is living nice and easy is in Cuba, while kids run around without shoes.
It doesn't matter in any system. There will always be the "Haves" and the "Haves Not".