Monday, January 26, 2009

The "S" word

I can’t believe anyone in his right mind is still thinking in terms of “recovery.” Recovery of what? What is it we think we can recover? And why is it we think we need to recover? The last thing the world needs is a return to the status quo ante, which would simply be a re-inflation of the same old bubble and the perpetuation of the same old Ponzi economics.

Also, why is it that everyone is so afraid of uttering the “s” word — as in socialism? The irony is that we are headed for some sort of socialist system sooner or later and as far as I’m concerned, the sooner the better. Like it or not, socialism is coming. We are already halfway there. De facto socialism, born of the monumental abuses of laissez faire capitalism.

The “free market capitalist” center cannot hold. So why not start thinking NOW about what that means. And what the possibilities are.

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