Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Putin Warns US About Socialism
02-13-2009, 07:14 AM,
Putin Warns US About Socialism
[Image: putin_warning-258x300.jpg]
Putin Warns US About Socialism
<sup><span style="font-size:8pt;line-height:100%">therightperspective</sup>


Russian Prime Minister Vladamir Putin has said the US should take a lesson from the pages of Russian history and not exercise “excessive intervention in economic activity and blind faith in the state’s omnipotence”.

“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.”

Sounding more like Barry Goldwater than the former head of the KGB, Putin said, “Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors, and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.”

Putin also cautioned the US against using military Keynesianism to lift its economy out of recession, saying, “in the longer run, militarization won’t solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them.” Putin’s comments come in sharp contrast to Russia’s own military buildup and expansion.

Putin also echoed the words of conservative maverick Ron Paul when he said, “we must assess the real situation and write off all hopeless debts and ‘bad’ assets. True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalization, bonuses, or reputation. However, we would ‘conserve’ and prolong the crisis, unless we clean up our balance sheets.”

“The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.”

Possibly Related Threads...
Thread Author Replies Views Last Post
  Cattle Network Warns Farmers: Big Time Inflation Is Coming... yeti 0 497 01-19-2011, 01:21 AM
Last Post: yeti
  Insatiable Banks Need More In Bailouts, Warns IMF dicktater 0 458 10-06-2010, 07:38 AM
Last Post: dicktater
  Olympic Games: National Socialism in Action Reboot 0 417 02-24-2010, 11:55 PM
Last Post: Reboot
  UPDATE 2-Kohn warns Congress on meddling in Fed's affairs hilly7 0 338 07-13-2009, 04:54 AM
Last Post: hilly7
  China warns Federal Reserve over 'printing money' Solve et Coagula 0 428 05-26-2009, 10:40 AM
Last Post: Solve et Coagula
  IMF warns recession will be 'unusually long-lasting' Easy Skanking 0 325 04-21-2009, 08:09 PM
Last Post: Easy Skanking
  Squeezing in socialism --- 0 453 03-26-2009, 05:28 AM
Last Post: ---
  Paul Volcker, the former chief of the U.S. Federal Reserve and current economic adviser to President Barack Obama warns Solve et Coagula 0 357 01-22-2009, 01:55 PM
Last Post: Solve et Coagula
  IMF warns of 'disturbing' UK debt --- 0 329 12-22-2008, 12:39 AM
Last Post: ---
  Putin urges China to stop using the dollar -- China, Russia renounce the dollar? B4Time 0 426 11-06-2008, 01:43 PM
Last Post: B4Time

Forum Jump:

Users browsing this thread: 1 Guest(s)