Tags: roger | us | communists

Rogers: U.S. More Communist Than China

Tuesday, 09 Sep 2008 12:18 PM

The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.

"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich. It's just bailing out financial institutions," Rogers said.

Read the full story here: US Is "More Communist than China": Jim Rogers

-

 
1Like our page
2Share
StreetTalk
The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday."America is more communist than...
roger,us,communists
88
2008-18-09
Tuesday, 09 Sep 2008 12:18 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved