All Posts Tagged With: "capitalism"

General Motors just reported a loss for the fourth quarter of nearly $10 billion. You can see what good it does to bail out failing companies…the money just goes down the drain. The government gave GM more than $13 billion – there goes the bulk of it.

“It’s worse, quite frankly…than everyone thought it was…and it’s getting worse every day,” says America’s new Vice President, Joe Biden. Mr. Biden is talking about something he knows nothing about – the worldwide financial crisis. And this week, a large group of people who know nothing about it are going to travel to Davos, Switzerland, to talk about the financial crisis…

Will the last capitalist in America please turn out the lights? How surreal. Less than ten weeks to go remain in the most entertaining presidential election campaign in recent decades. Yet right here in the United States of America, capitalism is reeling. It’s under attack by a bunch of socialist bankers and the politicians whom they’ve purchased to represent their interests…

The two great political figures of the last thirty years were Mrs. Thatcher and Mr. Reagan. These titans from the two sides of the Atlantic led the way to a new idea of how the world should work. Thenceforth, capitalism was king. But it was a new kind of capitalism they had crowned, one with a strange, unnatural face. It was not the old free enterprise, king of the jungle, red in tooth and claw.