The Italian anti-fascist historian Gaetano Salvemini described the essence of Mussolini's economic policy as being that, "the State pays for the blunders of private enterprise... Profit is private and individual. Loss is public and social."

Is there any better description of the reasons for Henry Paulson’s bailout and its likely consequences?

It's a strange day when conservatives cheer Paul Krugman. But he too was right when he stated to the BBC’s â€