All across the Internet people are expressing anger over the proposed bailout of the CEO’s and financial institutions that have been responsible for the current mortgage crisis.

Yet neither the meltdown nor the bailout are isolated incidents. Both are logical consequences of what has been the (primarily Republican) plan to privatize gain and socialize loss.

We have been steadily moved toward a reality in which everything that makes a profit will be held in private hands by an elite few while all losses – or unprofitable sectors – are to be foisted onto the back of the lower and middle-class taxpayer.

This brand of toxic capitalism is no better than feudalism.

How has this happened?

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