Why Is Socialism Doing So Darn Well in Deep-Red North Dakota?

[Lakhota]

By Les Leopold

North Dakota's thriving state bank makes a mockery of Wall Street's casino banking system -- and that's why financial elites want to crush it.

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person.

But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?

Because it works.

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

 

[healthmyths]

By Les Leopold

North Dakota's thriving state bank makes a mockery of Wall Street's casino banking system -- and that's why financial elites want to crush it.

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person.

But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?

Because it works.

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

Very simple! It is called Laissez-faire (or sometimes laisser-faire) is an economic environment in which transactions between private parties are free from tariffs, government subsidies and if it works for them God bless em!

The issue is does socialism work FOR EVERYONE. History has pointed out there has never been as successful society as the USA which is NOT a socialistic based economy. No one every said socialism wouldn't work. It works in small closed environments but will NOT work in
50 independent states with thousands of independent towns and counties and independent people all standing around waiting for central planners to determine how much we all should pay for gas!
What country is more ethnically diverse, USA, Brazil or South Africa?
1st - USA
2nd - Brazil
3rd - South Africa

Brazil has the largest number of italian, lebanese and japanese descendants and the second largest number of german descendants in the world. USA has the largest number of german descendants. There are almost all nationalities in Brazil,
but USA has even more: philippine, thai, korean, hindustani etc (that kind of nationality is rare in Brazil).

So how can there be any socialism with 310 million people EACH with their own identity and very little national cohesion but greater cohesion
in their homes, cities, counties, state!
No one ever said Socialism doesn't work... but not on the grand scale of the USA!

 

[Old Rocks]

By Les Leopold

North Dakota's thriving state bank makes a mockery of Wall Street's casino banking system -- and that's why financial elites want to crush it.

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person.

But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?

Because it works.

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

Very simple! It is called Laissez-faire (or sometimes laisser-faire) is an economic environment in which transactions between private parties are free from tariffs, government subsidies and if it works for them God bless em!

The issue is does socialism work FOR EVERYONE. History has pointed out there has never been as successful society as the USA which is NOT a socialistic based economy. No one every said socialism wouldn't work. It works in small closed environments but will NOT work in
50 independent states with thousands of independent towns and counties and independent people all standing around waiting for central planners to determine how much we all should pay for gas!
What country is more ethnically diverse, USA, Brazil or South Africa?
1st - USA
2nd - Brazil
3rd - South Africa

Brazil has the largest number of italian, lebanese and japanese descendants and the second largest number of german descendants in the world. USA has the largest number of german descendants. There are almost all nationalities in Brazil,
but USA has even more: philippine, thai, korean, hindustani etc (that kind of nationality is rare in Brazil).

So how can there be any socialism with 310 million people EACH with their own identity and very little national cohesion but greater cohesion
in their homes, cities, counties, state!
No one ever said Socialism doesn't work... but not on the grand scale of the USA!

What bullshit. Socialism is alive and well in the US. In fact, our National Park System is the very definition of socialism, saving the very best and most unique for the enjoyment of all citizens, and it is the crown jewel of our nation. Our BLM and National Forest Systems are also very successful, and have preserved lands that would have otherwise been devastated by unwise use. Social Security has, for the most of us, eliminated the spector of grinding poverty in old age. There are many other examples of socialism on a national scale implemented for a short time in emergencies that worked very well. The WPA, CCCs, REA, and many others that helped build this nation.

 

[TheOldSchool]

Oil Oil Oil!!! That's why.

 

[boedicca]

Oil Oil Oil!!! That's why.

Partially. Socialism (in a Very Limited Way - a bank) is doing well in ND for the same reason that it does well in Norway: both have small, relatively homogenous populations and benefit from oil wealth.

That's the end of the similarities. The State Bank in ND CANNOT PRINT MONEY. It is not a central bank; it is more like a community bank or credit union.

 

[tooAlive]

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

Very simple! It is called Laissez-faire (or sometimes laisser-faire) is an economic environment in which transactions between private parties are free from tariffs, government subsidies and if it works for them God bless em!

The issue is does socialism work FOR EVERYONE. History has pointed out there has never been as successful society as the USA which is NOT a socialistic based economy. No one every said socialism wouldn't work. It works in small closed environments but will NOT work in
50 independent states with thousands of independent towns and counties and independent people all standing around waiting for central planners to determine how much we all should pay for gas!
What country is more ethnically diverse, USA, Brazil or South Africa?
1st - USA
2nd - Brazil
3rd - South Africa

Brazil has the largest number of italian, lebanese and japanese descendants and the second largest number of german descendants in the world. USA has the largest number of german descendants. There are almost all nationalities in Brazil,
but USA has even more: philippine, thai, korean, hindustani etc (that kind of nationality is rare in Brazil).

So how can there be any socialism with 310 million people EACH with their own identity and very little national cohesion but greater cohesion
in their homes, cities, counties, state!
No one ever said Socialism doesn't work... but not on the grand scale of the USA!

What bullshit. Socialism is alive and well in the US. In fact, our National Park System is the very definition of socialism, saving the very best and most unique for the enjoyment of all citizens, and it is the crown jewel of our nation. Our BLM and National Forest Systems are also very successful, and have preserved lands that would have otherwise been devastated by unwise use. Social Security has, for the most of us, eliminated the spector of grinding poverty in old age. There are many other examples of socialism on a national scale implemented for a short time in emergencies that worked very well. The WPA, CCCs, REA, and many others that helped build this nation.

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

 

[rdean]

Considering food stamps, Medicare, and Social Security, seems to be doing awfully well among Republicans.

 

[tinydancer]

North Dakota rocks.

 

[tinydancer]

Considering food stamps, Medicare, and Social Security, seems to be doing awfully well among Republicans.

Oil darlin.....

 

[tinydancer]

Very simple! It is called Laissez-faire (or sometimes laisser-faire) is an economic environment in which transactions between private parties are free from tariffs, government subsidies and if it works for them God bless em!

The issue is does socialism work FOR EVERYONE. History has pointed out there has never been as successful society as the USA which is NOT a socialistic based economy. No one every said socialism wouldn't work. It works in small closed environments but will NOT work in
50 independent states with thousands of independent towns and counties and independent people all standing around waiting for central planners to determine how much we all should pay for gas!
What country is more ethnically diverse, USA, Brazil or South Africa?
1st - USA
2nd - Brazil
3rd - South Africa

Brazil has the largest number of italian, lebanese and japanese descendants and the second largest number of german descendants in the world. USA has the largest number of german descendants. There are almost all nationalities in Brazil,
but USA has even more: philippine, thai, korean, hindustani etc (that kind of nationality is rare in Brazil).

So how can there be any socialism with 310 million people EACH with their own identity and very little national cohesion but greater cohesion
in their homes, cities, counties, state!
No one ever said Socialism doesn't work... but not on the grand scale of the USA!

What bullshit. Socialism is alive and well in the US. In fact, our National Park System is the very definition of socialism, saving the very best and most unique for the enjoyment of all citizens, and it is the crown jewel of our nation. Our BLM and National Forest Systems are also very successful, and have preserved lands that would have otherwise been devastated by unwise use. Social Security has, for the most of us, eliminated the spector of grinding poverty in old age. There are many other examples of socialism on a national scale implemented for a short time in emergencies that worked very well. The WPA, CCCs, REA, and many others that helped build this nation.

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

Yeah, cuba's just been busted big time for their child sex trade. Even advertise their kids on line.

What a wonderful socialist world.

 

[sitarro]

What bullshit. Socialism is alive and well in the US. In fact, our National Park System is the very definition of socialism, saving the very best and most unique for the enjoyment of all citizens, and it is the crown jewel of our nation. Our BLM and National Forest Systems are also very successful, and have preserved lands that would have otherwise been devastated by unwise use. Social Security has, for the most of us, eliminated the spector of grinding poverty in old age. There are many other examples of socialism on a national scale implemented for a short time in emergencies that worked very well. The WPA, CCCs, REA, and many others that helped build this nation.

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

Yeah, cuba's just been busted big time for their child sex trade. Even advertise their kids on line.

What a wonderful socialist world.

Yea but at least their superior health care system was able to save the wonderful Hugo Chavez......wait! Never mind....

 

[tooAlive]

What bullshit. Socialism is alive and well in the US. In fact, our National Park System is the very definition of socialism, saving the very best and most unique for the enjoyment of all citizens, and it is the crown jewel of our nation. Our BLM and National Forest Systems are also very successful, and have preserved lands that would have otherwise been devastated by unwise use. Social Security has, for the most of us, eliminated the spector of grinding poverty in old age. There are many other examples of socialism on a national scale implemented for a short time in emergencies that worked very well. The WPA, CCCs, REA, and many others that helped build this nation.

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

Yeah, cuba's just been busted big time for their child sex trade. Even advertise their kids on line.

What a wonderful socialist world.

Whoa, seriously? I had no idea.. Googling it now.

My family is from Cuba. And although it's pretty disturbing, it doesn't surprise me at all.

 

[Saigon]

What country is more ethnically diverse, USA, Brazil or South Africa?
1st - USA
2nd - Brazil
3rd - South Africa

Given that there is no factual basis to this claim whatsoever - can you exlain on what basis you decided the results?

btw 'Hindustani' is not a people. Hence, I'm not surprised there are not many of them in Brazil.

 

[auditor0007]

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

Yeah, cuba's just been busted big time for their child sex trade. Even advertise their kids on line.

What a wonderful socialist world.

Yea but at least their superior health care system was able to save the wonderful Hugo Chavez......wait! Never mind....

Nobody's healthcare system was going to save Hugo from his cancer.

 

[tinydancer]

Right, because Nazi Germany, the Soviet Union, Communist China, North Korea, and Cuba are all know for their beautiful National Forests..

Yeah, cuba's just been busted big time for their child sex trade. Even advertise their kids on line.

What a wonderful socialist world.

Whoa, seriously? I had no idea.. Googling it now.

My family is from Cuba. And although it's pretty disturbing, it doesn't surprise me at all.

For true. This dude called victor malleck gets his hands on child rape/porn he's a journalist in the true sense of the word.


Both are now rocking it about the men who go to cuba to screw young girls and young boys.

Basically what you have going on is a sex slave trade with infants.

 

[tinydancer]

Just so everyone knows and I want to make it perfectly clear, my posts aren't anti Cuban.

Not at all. Just targetting a dark underbelly of society on the island.

 

[editec]

By Les Leopold

North Dakota's thriving state bank makes a mockery of Wall Street's casino banking system -- and that's why financial elites want to crush it.

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person.

But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?

Because it works.

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

And the big bucks for TAR SANDS OIL doesn't hurt, either, eh?

 

[jon_berzerk]

By Les Leopold

North Dakota's thriving state bank makes a mockery of Wall Street's casino banking system -- and that's why financial elites want to crush it.

North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation's most severe anti-abortion resolution – a measure that declares a fertilized human egg has the same right to life as a fully formed person.

But North Dakota is also red in another sense: it fully supports its state-owned Bank of North Dakota (BND), a socialist relic that exists nowhere else in America. Why is financial socialism still alive in North Dakota? Why haven't the North Dakotan free-market crusaders slain it dead?

Because it works.

Much More: Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? | Alternet

its the oil man

they had to start their own banks

the federal admin through the epa attempted to write policy

to deny insurance on loans to folks who deal with the oil companies

other then that North Dakota is a free for all

like the gold rush of Deadwood

 

[editec]

I love a FACT-based poster, jon.

I suspect you will spend an inordinate amount of your time here simply correcting the record.

Its a thank-less job -- but damn it! -- somebody has to do it.

Welcome to the monkey house, mate.

 

[jon_berzerk]

I love a FACT-based poster, jon.

I suspect you will spend an inordinate amount of your time here simply correcting the record.

Its a thank-less job -- but damn it! -- somebody has to do it.

Welcome to the monkey house, mate.

--LOL

morning dude