On his blog Enemies of Reason Anton Vowl makes a very good point.

There’s a jolly good reason why this process of bailing out the hopeless nitwits who’ve thrown our pensions down the shitter can be safely called Socialism. It’s so that when we’re suffering in a couple of years’ time and things have really gone tits-up, people can shake their heads and say: “Well, of course things are bad – that’s socialism for you. If only we could let the banks and financial institutions do every single tiny thing they wanted without any restriction or regulation in the slightest, then everything would be all right again. Sure, it was necessary at the time in order to prop things up and restore confidence, but this just goes to show that socialism is a failed ideology that can’t work at any stage and will only make people miserable”.

Yep, Anton’s sadly going to be proved right.

Hat Tip: Chicken Yoghurt.