Many countries around the world have systems that stupid people could easily label as socialism but they are not.
Anyway after what capitalism, and specifically rampant free market Fukiama style open door everything, has done to the world and the average american's savings, along with healthcare, education etc, people are f----ing stupid to think some protection is actually a bad thing.
Australian banks survived the crisis because the government made sure the lending practices would not destroy the whole system. Given that, why would anyone want to go through all of this again because of an old coldwar stereotype that the rest of us have forgotten about??
“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.
