"We must not revert to isolationism and unrestrained economic egotism... Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake. True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent... In the 20th century, the Soviet Union made the state's role absolute. 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."
Russian Prime Minister Vladamir PutinOpening ceremony of the World Economic Forum in Davos, Switzerland January 28, 2009
This is really pathetic. Even Russian President Vlad Putin is warning the US against socialism:
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You know things are out of control when Communist China is lecturing democrats on protectionism and now the former head of the KGB is lecturing US democrats against socialism.The Right Perspective and Pat Dollard reported:
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”.
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2 comments:
See, I hit this one a while back...
http://www.e3gazette.com/2009/02/you-want-better-expert.html
You just need to stert readin' a better class of blogs!
- MuscleDaddy
Because they need us. Somebody has to be free for the rest of the world to function....
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