Communism on our doorstep!

Discussion in 'Politics, Religion, Social Issues' started by Sydde, Jan 24, 2011.

  1. Sydde macrumors 68020

    Sydde

    Joined:
    Aug 17, 2009
    #1
    Up there in the corner, the legislature in state of Washington has measures on the agenda in its house and senate to establish the WIT: Washington Investment Trust. State funds will come out of BoA and be handled by a public entity.

    The model appears to be the Bank of North Dakota, which has kept that state in the black for almost a century.

    So what to make of this? Will it help Washington (which is not the only state considering this) and its citizens, or will it provide a new avenue for government corruption while stealing opportunity from private business?

    link to huff-piece
     
  2. Peterkro macrumors 68020

    Peterkro

    Joined:
    Aug 17, 2004
    Location:
    Communard de Londres
    #2
    Sounds a good idea to me,as well as the north Dakota example the $400 billion Norwegian sovereign wealth fund comes to mind.It of course would be an example of state capitalism and not communism.
     
  3. Heilage macrumors 68030

    Heilage

    Joined:
    May 1, 2009
    #3
    Well, I can definitely tell you that we suffer at great lengths by our $400 billion fund, reserved for future domestic investment and the benefits of the population.
     
  4. Ugg macrumors 68000

    Ugg

    Joined:
    Apr 7, 2003
    Location:
    Penryn
    #4
    Ever since I learned that the state of Lower Saxony has a substantial investment in VW, I've thought that investment by local/regional government in big companies is a good idea. What better way to ensure jobs stay in your community?

    The demise of local banks in the 90s, means cities and states are at the mercy of Wall Street. Not a good thing, especially since so many were royally reamed by them. I think it's time the states take back their money and invest it locally as much as possible.

    Incidentally, North Dakota is a very conservative state, but in the 1920s it was probably the most socialist state in the US. The railroads, flour mills and grain elevators had all conspired in ensuring North Dakota farmers got as little as possible for their wheat. The state of ND built elevators and invested in rail cars, allowing this little state a little more leverage.
     
  5. Sydde thread starter macrumors 68020

    Sydde

    Joined:
    Aug 17, 2009
    #5
    Here, we must make a distinction between "conservative" and "right-wing". From what I have seen of North Dakota, it seems pretty laid back. The right-wing state is South Dakota.
     
  6. Ugg macrumors 68000

    Ugg

    Joined:
    Apr 7, 2003
    Location:
    Penryn
    #6
    Do you remember the movie Jesus Camp?

    Parts of ND are sort of freaky.
     
  7. Sydde thread starter macrumors 68020

    Sydde

    Joined:
    Aug 17, 2009
    #7
    I can go just a few miles from where I live - one of the most laid-back places in the nation - and encounter things that make me think this whole species is without hope and should be eradicated ASAP.
     
  8. Heilage macrumors 68030

    Heilage

    Joined:
    May 1, 2009
    #8
    I saw that movie. Scared the heck out of me.
     
  9. Hugh macrumors 6502a

    Hugh

    Joined:
    Feb 9, 2003
    Location:
    Erie, PA
    #9
    I didn't see the movie, but reading about it scares me. I wouldn't be able to watch it, seeing all the brainwashing is being done. :(

    Hugh
     
  10. Sydde thread starter macrumors 68020

    Sydde

    Joined:
    Aug 17, 2009
    #10
    The Communists are infiltrating our financial system first — we have seen what happens next: they attack our sacred religious institutions. Once they gain power, we will no longer be free to have Jesus Camps!

    umm...
     

Share This Page