Wednesday, May 25, 2011

Just Sayin': FNMA

Chris Bertram remembers AJP Taylor:
What the capitalists and their lackeys hated about Soviet Russia was not its tyrannical nature but the fact that there was a whole chunk of the earth’s surface where they were no longer able to operate. Ditto Cuba, for a much smaller chunk.
Link.  Just in passing, isn't that a pretty good reason of what the Wall Street Journal hates about FNMA?

1 comment:

dilbert dogbert said...

"What the capitalists and their lackeys hated about Soviet Russia was not its tyrannical nature but the fact that there was a whole chunk of the earth’s surface where they were no longer able to operate. "
Another way to see this is to imagine that the capitalists looked at that whole hunk of the earth's surface and thought here was a potential power that could end/restrict their ability to operate over an even larger hunk of the earth.