New Leadership...Same Old Socialism
Time For A New World Order
KEVIN RUDD has denounced the unfettered capitalism of the past three decades and called for a new era of “social capitalism” in which government intervention and regulation feature heavily.
In an essay to be published next week, the Prime Minister is scathing of the neo-liberals who began refashioning the market system in the 1970s, and ultimately brought about the global financial crisis.
“The time has come, off the back of the current crisis, to proclaim that the great neo-liberal experiment of the past 30 years has failed, that the emperor has no clothes,” he writes of those who placed their faith in the corrective powers of the market. (More here.)
B.S. Report-Just where is this mythical place with “unfettered” capitalism that he’s referring to? Government injecting themselves into all areas of private business is the problem–definitely not the solution.
He goes on later in the article to say that we need another FDR-style economic program of the likes that led the U.S. out of the Great Depression. We now know that nothing could be further from the truth. FDR’s policies are now believed to have extended the depression for as many as 9 more years. Read Amity Shlaes great book, “The Forgotten Man.”
A P.M. advocating Socialism is hardly news. Politicians lust for power–and if the people want to willingly turn their lives over to supposed saviors like Rudd or Obama, then they will happily oblige and take as much power as the people are willing to grant them.
