US Bailouts: Socialism is Not the Answer
Chan Akya, Asia Times | September 23, 2008
Washington is bankrupt, fiscally and morally. ++ Socialism is in full swing, proving the free-market Republicans hypocrites. ++ Paulson wants Congress to grant the Fed $700 billion to buy private assets. ++ Such a move will only create more financial turmoil for the US and Europe in the future. ++ Moreover, the entire G8 is a financially "spent force." ++ Yet, ironically the political landscape still favors those in power; the US case is particularly troubling, where fiscally incompetent McCain and Palin may actually be elected.





Mon, Sep 29th 2008, 01:28
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Example: The USA government provides some level of education, medical care, public transportation, builds roads for private transportation, police and military protection for its citizens. Even though having so many things run by the government is often considered Socialist economics.
Automobiles: A socialist government may say that it or the people own the automobile factory. A capitalist government says industry owns the factory. However, when the factory gets in trouble financially the government provides financial support to the factory just like the socialists. Also the USA recalled all Chevy EV’s (Electric Vehicles) leased to individuals in the late 1990’s and the Toyota EV1’s, then had them destroyed. Then launched a promotion of bigger Trucks and Sport Utility Vehicles (SUV) which is bad for the environment. This kind of action was previously blamed on Communist type governments only.
Global economics: Spreading the wealth and of course the work around the world was embraced by outsourcing jobs from the USA to India and China. A publicity campaign showing many India and China scientist and super models on USA television was initiated. This kind of activity was formerly considered propaganda from Communist countries. All countries have beautiful ladies and genius scientists. Global economics would demand each country to receive equal access to public attention.
Active Interaction: Overworked and no time to play or spend money. The obsession for wealth has executives pushing lower ranks to produce more, work harder, faster and longer.
Full spectrum analysis of the effects:
• Work through lunch and supper = Restaurants lose business close, no jobs.
• No vacation = Vacation industry shuts down, no jobs there anymore.
• Work harder = To tired to go out shopping, other stores close, more lost jobs.
• Lost jobs = No money to buy autos, pay house bill, Auto Housing industry close.
Jean-Baptiste Lamarck said: Le pouvoir de la vie The complexifying force. We become or create more complex things as we evolve forward. Our global economy certainly fits into this concept. We need leaders that are smarter and who promote people being smarter to understand the increasing complexity of the world.