| oct 08 2009 | | America the Marxist Economy. | It is indeed ironic that Americans who espouses that they are the greatest capitalist economy in the world should have almost completed it's transformation into a Marxist economy.
Even more ironic that at the same time the last remaining communist country, China should be liberalising into a capitalist economy.
We have to face the fact that the American economy is now a planned economy. As in any communist country the government works hand in glove with the oligarchs of the banking and defense industries to legislate to their advantage. In return industry buys the politicians through campaign contributions and bribes from lobbyists.
The public buying of bad debt from the financial industry, cash for clunkers, first time home buyers allowance, etc are all signs of a managed economy. Doomed to failure as all managed economies stifle innovation, starve out privately run efficient companies, encourage zombie companies to keep walking.
The health care reform is another example of the government, in collusion with the insurance and pharmaceutical industries, creating and managing another huge budget burning scheme. Carbon credit market will create trillions of dollars in derivatives to hang like a sword waiting to destroy the economy.
As happened in the final days in Russia, the elites and politicians are accelerating the looting of the country they have no loyalty to, until everything finally collapses in ruins and they call in the troops to suppress the masses. It is no co-incidence that the army has been abroad practicing urban warfare for the last few years. Road blocks, house to house searches, closing off whole cities and then cleansing them, kicking in doors in the middle of the night to find agitators, all these techniques would come in handy if desperate people in Detroit or East Los Angeles should create problems.
No wonder the Chinese students jeered Timmy Geitner when he tried to claim America had a strong dollar policy. Americans might believe that clap-trap but any educated person sees it for the false-hood it is. Look at the numbers, if that has been Americas policy then it has been an abject failure since 1913.
| | Respond... |
|
|
 |
|
