Just not in the way the frothing lefties allege.

In 1936, anti-Fascist historian Gaetano Salvemini wrote in his Under the Axe of Fascism that Mussolini’s regime subjected the tax-paying citizen to corporations because, “the State pays for the blunders of private enterprise… Profit is private and individual. Loss is public and social.”

Hmm.

Time for Jonah Goldberg to knock out an new chapter?

Via Daniel Hannan

Oh, and as an aside, my recommending the anti-trust type solution was intended to point out the doubling-down on idiocy that Ghettoputer points out (though clearly I didn’t write it clearly enough). IF the government thinks that companies can get too big to fail (which I don’t), and IF bailouts are bad, THEN we have to keep them from getting big enough that we need to bail them out. As I did note, I hate this kind of stuff, but a regime of this sort would seem to have fewer (though still many and significant) opportunities for political meddling in the economy than the Fed and the Treasury being the junk-bond buyer of last resort.

And, look, I could be totally wrong and Paulson & Bernancke are the most far-sighted geniuses of economics since Adam Smith and the guy who invented the Yap Island rock money.

Confucius, Œc. Vol.

Don’t ask impertinent questions like that jackass Adept Lu.