After Comrade George W. Bush nationalised the two giants of the US mortgage market, Freddie Mac and Fannie Mae, earlier this month, Anatole Kaletsky wrote in The Times of London that ''the most capitalist administration ever, in the world's most capitalist country, [has] decided to wipe out the private owners of its biggest and most important financial companies and replace them with state-appointed bureaucrats''. Wikipedia defines ''nationalisation'' as ''the act of taking an industry or assets into the public ownership of a national government. It is a central theme of certain brands of state socialist policy that the means of...