Aha, Hu Jintao has perhaps noticed that the model of ever-expanding socialist bludging on the productive people is not sustainable: <More ominously, Chinese President Hu Jintao recently noted: "From a long-term perspective, it is necessary to change those models of economic growth that are not sustainable and to address the underlying problems in member economies." >
Member economies are full of statism, kleptocracy, suffocatocracy, legalisms, and bludging welfare socialism which is not sustainable.
Who would have thought that a totalitarian statist like Hu Jintao would have been the one to notice that the current models of socialist economic growth run by all democratic governments are not sustainable? They have already been collapsing and the problems continue apace. The burden of socialism has broken the capitalist camel's back with the last straw being put on top a couple of years ago.
Now, Obama and other politicians are enthusiastically piling heaps more on top of the collapsed camel as "stimulus". Sorry chaps, it looks as though the camel needs to have the load taken OFF, his back repaired, perhaps with some of that new-fangled stem cell therapy, and fed some good food and given a drink of water.
It's funny how socialists around the world are thrilled with the financial disaster and think it shows capitalism doesn't work, so we need them running everything in a Kremlinized way. If they think capitalism doesn't work, they should take a look at how well the USSR worked. Check India's progress for half a century after independence - they produced more poverty per square metre than anywhere on Earth [other than in Mao's socialist paradise].
Financial gamblers going bust is how capitalism works. Capitalism doesn't mean everyone gets rich and nothing goes wrong.
Mqurice |
