timschochet
Footballguy
From this morning's Orange County Register
Speaking at the Davos world economic conference in Switzerland last month, Putin warned the U.S. against "excessive intervention in economic activity and blind faith in the state's omnipotence." He noted that "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."
After watching the U.S. government bail out private companies, Putin said we should not "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. … n the longer run, this won't solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them."
It is shocking to me that this man, who is both a murderer and a dictator, could know more about this subject than our own President. And yet this is the case. We need to listen to Mr. Putin.
Speaking at the Davos world economic conference in Switzerland last month, Putin warned the U.S. against "excessive intervention in economic activity and blind faith in the state's omnipotence." He noted that "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."
After watching the U.S. government bail out private companies, Putin said we should not "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. … n the longer run, this won't solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them."
It is shocking to me that this man, who is both a murderer and a dictator, could know more about this subject than our own President. And yet this is the case. We need to listen to Mr. Putin.