The official blog of my family business has a post that many of us should probably read at least twice.  It’s not fun or pretty, but the author (my Uncle) makes a point that cannot be ignored and that I have not seen anyone else in the blogosphere dare to present:

We are more socialistic this week then we were last week.The bailout is a further hybridization of Capitalism and Socialism.  Hard to hear, I know…more socialist. Should I capitalize Socialist? socialist? Socialist? Is the Capital S more Un-American than the little s?

We have watched while a greater and greater divide came between rich and poor in this country. We have seen Pain Avoidance as a personal and governmental fiscal policy. Primitive emotional control and predatory lending crippling household budgets. A short-sighted financial services industry plagued with too many conflicts of interest. A regulatory environment ill-conceived and way too unsophisticated ro protect us from the sword of greed. And to top it off, an energy policy so woefully under-visited that we now witness the greatest transfer of wealth in history, mostly to our sworn enemies.

Let me suggest something positive might come from this. These financial obligations will not prove to be a complete loss. For one thing, many mortgage obligations will be paid in full, on time. Also, there is real estate value to be recouped in the event of repossession and auction. So, this crisis may be overstated when calculating the cost to taxpayers.

In “long time” I believe we are destined to evolve a balance…a bringing-together… of the best of both Capitalism and Socialism.

This may be a natural evolution, one we should recognize and be grown up about accepting. We have huge problems to solve as a collective, and lots of hard work and innovation to be done individually. Rejecting any and all “socialist” aspects to our regulatory and governmental structure may be unrealistic.

I strongly suggest giving the entire post a read.