Wall Street Is Not Private Enterprise

This story begs some questions: If Wall Street needs to be recurringly propped up by the Federal government, is it even honest to portray Wall Street as private enterprise? Wouldn’t seeing it as a quasi-state enterprise be more accurate? If that’s the case, isn’t there also a strong case for a much greater degree of public input into and control of these institutions than is presently the case?

What we presently have isn’t really private enterprise: it’s socialism for the rich.

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