The government has taken over ownership of many of the nation's banks, because they couldn't manage themselves and allowed their greed to threaten the very stability of the nation's economy.
The government partially manages health care, for the poor and elderly. The rest of us fend for ourselves with privately owned health insurance companies that have a bad track record of providing affordable access to health care. Would expanding the Medicare and Medicaid system to cover everyone be all that bad?
And now the auto industry is failing because instead of looking to the future and creating alternative fuel and smaller more fuel efficient cars, the auto industry went for the quick buck with behemoth SUVs and trucks. Maybe the government ought to nationalize the auto industry, and call the shots regarding the types of vehicles produced, thus potentially solving three problems at once: creating more fuel efficient vehicles to reduce our dependence on foreign oil, creating alternative fuel vehicles to help slow down global warming, and providing secure jobs to help in this troubled economy.
I don't like the idea of socialism in theory, but when capitalism fails because its practitioners succumb to greed and instant gratification, what other choice is there?
