Nowadays, we have a much clearer picture of the root cause: "Greedy Wall Street bigshots".
*cough* govt to steal your 401K
Yet the institutions which still exist as private enterprises are not allowed to go bankrupt. For an artificial belief in credits and financial obligations has to be maintained in open conflict with realities.
*cough* to the tune of over a trillion now
That's awesome, we're in pretty hugh and series economic troubles, and the sum total of our govt response is to repeat Wymar Republic policy.
The Nazi Party was a left-wing movement which advocated many socialist policies, and sought to drive out Christianity and replace it with some kind of mythical ancient German paganism.
If I’m not mistaken, the Nazis were big into organics and some were vegans.
Goldberg covered this well in Liberal Fascism.
Anyways, Nazi stood for “National Socialist”. Of course, any lefty historian will tell you not to pay attention to the words, that somehow it was in reality a right-wing movement. Naturally, that ignores the fact that the German business community either fell in line with Hitler or got screwed. Also, progressivism/socialism does incorporate a role for big business. It’s smaller businessmen and entrepreneurs who are squeezed out.
The Volkswagon shorts sure got caught with their lederhosen down at the ankles yesterday. As if the german economy didn’t have enough problems currently, about several billion in euros went poof yesterday as the mother of all short squeezes occured. At one point, Volkswagon was trading with a higher market cap than ExxonMobil.