via top ten stories you won’t find in the headlines. Number three:
We are focused on the "rise of big government" and miss the point that private businesses are getting bailed out left and right, often on very good terms, and that no one is talking about long-term nationalization, which means that all these funds are actually propping up big business and the super rich and setting them up to flourish post crisis. Wall Street screws the world and is bailed out. Detroit screws up and is bailed out. The stimulus channels hundreds of billions…to private enterprise. Who says government is the big winner here? Remember, the Obama economic team is almost comprised exclusively of pro-market guys and adherents to economic orthodoxy. The measures introduced are all framed as short-term emergency steps. The biggest winners will be the big companies that survive, adjust and emerge reinvented on the other side.
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