Banks and the influence of the state
Today I will not be talking about book s. Also because most of my reading at this moment is study, preparing for the intervision group we are starting next friday. Yesterday evening there was some shocking news. The dutch government has taken over Fortis and ABN-AMRO banks. Two of our largest banks and I have accounts with both. Last weekend they already tried to do something and assured us all was fine. Apparently it wasn't. With the government money behind it, I think it now is. But it raises the question, what is happening in the capitalist countries? I am a socialist. I believe in looking after the weak in society. I believe in government run businesses. [not necessarily bankst though] but trains, busses, postal services and stuff like that. The last 20 years all have that has been privatized in my country. With a result that prices have gone up, reliability has gone down and safety has gone down. So tell me what is the advantage for the public? I still don't see it. Also ...