"a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole."What else do we call this? GM bondholders urged to accept new debt deal - Yahoo! News: "Investors representing at least 35 percent of GM's bonds are expected to support the sweetened offer from the U.S. Treasury, which will be the automaker's largest shareholder and creditor."
Friday, May 29, 2009
GM bondholders urged to accept new debt deal - Yahoo! News
The government is the largest shareholder and creditor in what at least used to be our largest manufacturing industry. Definition of socialism from Dictionary.com:
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