Explaining Communist Jokes

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"Explaining Communist Jokes"

Paul Krugman, contemplating the prospect of TARP II: Geithner’s Revenge, remarks:

[I]t occurred to me that an updated version of an old Communist-era joke may be appropriate: under Bush, financial policy consisted of Wall Street types cutting sweet deals, at taxpayer expense, for Wall Street types. Under Obama, it’s precisely the reverse.

To clarify the original joke is: “capitalism is the exploitation of man by man, whereas socialism is precisely the reverse.”


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