Economic Hurricane
Re your cover stories on the economic crisis: For much of the 20th century, the nationalization of financial institutions and industry was seen in the U.S. as a rejection of economic liberalism and tantamount to an embrace of communism [Oct. 20]. It's hard to ignore the parallels between, for example, President Salvador Allende's nationalization of Chile's banks and copper industry in 1970, and the U.S. government's recent purchase of part of insurance giant AIG and its bailout of several financial behemoths. It is interesting that the crisis in the capitalist system has been met...
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