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Politics : Welcome to Slider's Dugout

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To: NOW who wrote (11301)	8/26/2008 6:26:49 PM
From: painterx	Read Replies (1) of 50105

It is implied because.... the example used (and used by others as well) is Japan. When did Japan collapse? The status-quo still rules, they manage the markets, the banking system and the currency. Not to mention the society. The Yen is still the medium of exchange. Tell me how Japan's economic paradigm is not a variant on socialism, economic fascism or a politically managed economy? How is the US any fundamentally different? The critics of the ruling orthodoxy in western nations do not believe the current model is sustainable. That means at some point there's is substantial change and not marginal change. To say our fate is Japan or that Japan offers a corollary to the future of the US, is mistaken, IMO. So if the worst before the US is Japan or something slightly more, where the operating paradigm is tweaked and adjusted, is to say that managed economies (socialism, fascism, et.al.) can be made to work.

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