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Thursday, October 29, 2009 , Posted by LATINO EVENTS Y TESPIS MAGAZINE at 6:00 PM

I wanted to share this excellent article by Les Leopold @HuffPost

Breaking out of the Billionaire Bailout Society





Democracy, socialism, capitalism, neo-liberalism -- none of them do justice to who we are and where we're headed. Socialism left the planet several decades ago, except in the minds of Fox News pundits.

We're not sure what capitalism really is anymore, now that we've bailed out the entire financial sector. Neo-liberalism is so passé, as major governments around the world intervene to halt the financial collapse. And democracy is still with us, we hope, but we wonder for how long as our politicians and policies seem so easily bought and sold.
Perhaps we need a new vocabulary, one that helps us describe a society that promotes the accumulation of vast riches, bails out the rich when they take too many chances, and avoids responsibility for the common good. Even Milton Friedman would have trouble calling that capitalism.
How about the Billionaire Bailout Society?
Here are its salient features:

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