sábado, 20 de dezembro de 2008

Capitalism 2.0... or Socialism 2.0

The Bush Economic Doctrine:

- Cut all regulations from the markets, invoking that the "Invisible Hand" will take care of everything
- When the above fails miserably:
1 - Give handouts to financial institutions that have taken management decisions which contradict the principle of self-preservation, including pushing for subprime lending
2 - Give subsidies to inefficient companies which have products that nobody wants

I don't think that socialists (the ones who advocate a greater influence of the State in the economy) were not exactly thinking that *this* would be the turning from capitalism to socialism, but the world is full of surprises...

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