World Governments

2 posts
China Renounces Socialism? Bank Nationalization Advocates Take Note…

There are few things more infuriating than public bailouts of private banks. That’s why, when banks get into trouble, many people would rather nationalize them entirely than rescue them. (In fact, after the 2008 crash, the U.S. reportedly came close to doing so.) But surprisingly, in India and China - two countries whose financial systems have long been dominated by public banks - the governments are responding to their current...

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