Putin warns US to eschew socialism

What is the world coming to? Pat Dollard reports the Russian leader warned the US against adopting socialism because it doesn't work: 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.”[Snip.]

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 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.”

Wasn’t it Schumpeter who gave an explanation why those in academia hated their own country?

If memory serves he suggested that the professoriat hated the USA on account of hot dog vendors making more money than they. They simply couldn’t abide a country where a laborer could make more money than those in ivory towers. There’s some truth to this; people generally hate what they envy. And these vermin are the most zealous in their support for Obama.

Yes. Joseph Schumpeter did have a lot to say as to why Democracy would always lead to Socialism. I can still remember him saying it (from the tape!).

The election of Obama is the final vindication.

Of course, for those who are reading this post and do not know who Schumpeter was, he was from the Austrian school of economics and was far from a Socialist himself. He simply saw it as an inevitable result of Democracy, as did Karl Marx.

The similarity ends there, as Schumpeter was a total free marketer, but he described his observation as such: (From memory and not a verbatim quote!)

"I say that we will eventually drift towards Socialism not because I like Socialism or am a proponent of it, but more like a doctor who sees that his patient is dying and there is absolutely nothing he can do about it. To be sure, the doctor does not want his patient to die, but he knows that there is nothing he can do to stop it.

I have come to this realization too.
Obamunism was inevitable. It will lead to a disaster in America as it tears our society apart.

It may even end in civil warfare or at the very least serious civil disturbances if not sporadic fighting on a scale we have not seen since Lincoln.

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