Shhh....

Oct 16, 2008 09:51

It takes one to know one...

"Bush is to the left of me now," Chavez told an audience of international intellectuals debating the benefits of socialism. "Comrade Bush announced he will buy shares in private banks."
I think we're seeing the beginning of a new financial world order.  It won't take too long for the current global economic crisis to turn into a global currency crisis and the breakdown of the Bretton Woods international agreement which made the U.S. dollar the reserve currency of the world.  Sadly, I don't expect the new agreement that emerges within the next decade to be very friendly towards free markets.  Everyone's blaming the free market and capitalism for the current crisis, when the truth is we haven't had anything akin to a free market for almost a century.  The West has long embraced a mild form of democratic socialism, with some countries taking it to greater lengths than others.

If you don't believe that about the U.S., all you have to do is look to the fact that we have a central bank, social security, and medicare to realize just how far down the rabbit hole we've already gone.  There is nothing "free" about our markets, and true capitalism is an experiment long abandoned.  Now we've pulled a play straight out of Marx's Communist Manifesto (his fifth one, to be exact) by nationalizing our banks and allowing government to directly control the allocation of "private" capital. Hugo Chavez is calling Bush his "comrade," and no one seems to be batting an eyelash.

Indeed, we will go on claiming some sort of economic, moral, and social high ground, when there is very little substantial difference between us and the governments (like Chavez's or Putin's) which we villify.

politics, economy

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