Pieces of a Life
Who Says America Isn’t Socialist?
Below is an example of how the Federal Reserve is co-opted by private wealth and proceeds to commit “socialism”. I gues it all depends on who gets the money.
There should be financial accountability for the man who led Bear Stearns as it gorged on dubious subprime securities to boost its profits and share price, helping to set up one of the biggest financial collapses since the savings-and-loan crisis in the 1980s. Some might argue that he should have lost it all.
But that’s not how it works. The ongoing bailout of the financial system by the Federal Reserve underscores the extent to which financial barons socialize the costs of private bets gone bad. Not a week goes by that the Fed doesn’t inaugurate a new way to provide liquidity — meaning money — to the financial system. (The New York TImes, March 21, 2008).
Q. Poverty, which Jesus talked a lot about, is still with us. But a lot of Christians today want to talk more about other things: homosexuality, abortion, evolution. Why?
I think there’s a collusion between political parties and religious communities. So religious communities end up emphasizing issues that political parties can exploit to win elections. As a result, we make a big deal about issues that Jesus said absolutely nothing about. And we say very little about issues that Jesus said so much about. - Q & A with Brian McLaren, progressive Christian evangelical, in an interview with The Charlotte Observer, Saturday, January 26, 2008.