Some on the right are decrying the $700 billion rescue plan as a step toward American socialism, but the real socialists beg to differ, the Wall Street Journal reports. “Bailing out the biggest financial corporations in the country is a far cry from what we have in mind when we think about socialism,” says the chairman of the Communist Party USA.
A socialist Congressional candidate agrees. “They can reorganize capitalism in different ways, and they will,” he notes. For people like him, the bill presents a chance to make a strong case for socialism. “It poses the urgent need for a revolution in this country that will throw the billionaire ruling families out of power and replace them with a workers and farmers government,” says a socialist presidential candidate.