The New N Word: Nationalization

Barry Ritholtz wonders what all the fuss is about with The New N Word: Nationalization:

No matter. We now have a new N word today, and its Nationalization. Why the word is so fearful and loaded is beyond my comprehension. As Bloomberg’s David Reilly writes, “The nationalization debate is a smoke screen. We’ve already nationalized the big banks. Let’s just accept it and move on” — and I could not agree more.

Italics in Original

Unlike Paul Kedrosky who sees a Bank Nationalization and the Otto Problem in that people are stupid, Ritholtz sees no problem at all.

Maybe the red-baiting tirades from the likes of Miranda Devine are invisible to the intellegentisa. The propaganda is so pervasive and effective that no one needs to comment on it at all.