February 18, 2009
Putin warns US to eschew socialism
What is the world coming to? Pat Dollard links to Peter Goodman's report the Russian leader warned the US against adopting socialism because it doesn't work:
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”.
“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “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.”[Snip.]
Sounding more like Barry Goldwater than the former head of the KGB, Putin said, “Nor should we 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.”
Putin also echoed the words of conservative maverick Ron Paul when he said, “we must assess the real situation and write off all hopeless debts and ‘bad’ assets. True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalization, bonuses, or reputation. However, we would ‘conserve’ and prolong the crisis, unless we clean up our balance sheets.”
h/t:Stephanie
FOLLOW US ON
Recent Articles
- Deep Dive: The Signal Chat Leak
- Mark Steyn’s Reversal of Fortune
- Where We Need Musk’s Chainsaw the Most
- Trump Is Not Destroying the Constitution, but Restoring It
- The Midwest Twilight Zone and the Death of Common Sense
- Hijacked Jurisdiction: How District Courts Are Blocking Immigration Enforcement
- Transgender Armageddon: The Zizian Murder Spree
- Jasmine Crockett, Queen of Ghettospeak
- The Racial Content of Advertising
- Why Liberal Judges Have a Lot to Answer For
Blog Posts
- Amid disaster, watch Bangkok clean up and rebuild
- Katherine Maher shoots herself, and NPR, in the foot
- A visit to DOGE
- You just might be a Democrat if ...
- Yahoo Finance writer says Trump’s tariffs will see America driving Cuban-style antique cars
- Kristi Noem and the prison cell
- Dividing the Democrats
- April 2nd: Liberation Day and Reconciliation Day don’t mix
- Red crayons and hospital gowns
- The Paris Climate Agreement was doomed from the start
- Well excuse me, I don't remember
- Bill Maher goes civil
- Mass shootings: we're all survivors!
- Tesla and a second
- Snow White: a bomb for the ages