Post by zulu on Aug 27, 2010 10:57:27 GMT -5
"the cult of homeownership may have triggered the financial crisis"
"For the better part of a century, politics, industry and culture aligned to create a fetish of the idea of buying a house."
www.time.com/time/business/article/0,8599,2013684,00.html
main entry: COMMUNISM
1: a theory advocating elimination of private property
2: a doctrine based on revolutionary Marxian socialism and Marxism-Leninism that was the official ideology of the Union of Soviet Socialist Republics
3: a totalitarian system of government in which a single authoritarian party controls state-owned means of production
main entry: SOCIALISM
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a : a system of society or group living in which there is no private property
b : a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism