Venezuelan strongman Hugo Chavez told that nation's state television that the G20's attempts to regulate the global financial meltdown were "impossible", and that capitalism needs to fail. "It is impossible that capitalism can regulate the monster that is the world financial system. Capitalism needs to go down, and we must take a transitional road to a new model that we call socialism."
Hmm....rampant inflation, shortages of basic staples and increasing political isolation - I think I'll take my chances with capitalism. But that's not to say that Obamanomics won't have us there soon enough...
Saturday, April 4, 2009
Subscribe to:
Post Comments (Atom)
2 comments:
How long do you think it will take for Obama to "sit down and talk" with Chavez? Publicly that is.
Double-entry accounting is 700 years old.
Shouldn't it be easy with all of the computers we have today?
I never hear the people who glorify capitalism saying that accounting should be mandatory in the schools.
Curious that!
I don't hear them talking about how much consumers lose on the DEPRECIATION of trashmobiles every year either. That is NAZInomics.
Post a Comment