Do you know the famous misquote that goes something like: “A young man who isn’t a socialist hasn’t got a heart; an old man who is a socialist hasn’t got a head”?
Well, apparently, at some point young Rupert Murdoch was a huge fan of Lenin. The following quote is from Murdoch: Revised and Updated, page 38:
“He added an an extraordinary postscript, written in magenta ink, reaffirming his loyalty to Lenin. “Yesterday was the 29th anniversary of the Great Teacher. We stood to attention for one minute in front of THE BUST on the mantelpiece and drank several toasts-and then settled down to some good reading of adulatory Russian poetry.”"
Picturing Rupert reading “adulatory Russian poetry” and owning a bust of Lenin brings a tear to my eye.
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If a bunch of powerful and ostensibly right-wing capitalist billionaires and investment bankers were actually secretly Communists trying to bring down global capitalism from within, that would explain a lot. Could anyone really believe that getting rid of regulations intended to keep one sector of the economy from destroying others then having massive consolidation to create very few really big corporations, only a couple of which would have to fail spectacularly to drag down the economy, could possibly be good for capitalism?