Americans wondering: Is this Socialism yet?
Published: 08 April, 2009, 21:04
Edited: 05 November, 2009, 21:19
Following a decadent decade of market deregulation, fat executive paychecks (golden parachutes included) and blatant corruption, capitalism is now forced to go begging for handouts. Is this socialism?
When Alexander Solzhenitsyn came to America he warned the US in the early 70's, “Destructive and irresponsible freedom has been granted boundless space. Society appears to have little defense against the abyss of human decadence, such as, for example, misuse of liberty for moral violence against young people, motion pictures full of pornography, crime and horror. It is considered to be part of freedom and theoretically counter-balanced by the young people's right not to look or not to accept. Life organized legalistically has thus shown its inability to defend itself against the corrosion of evil” (speech to Harvard 1978).The American press laughed at him and turned a deaf ear at his observations of America's immorality and materialism. Solzhenitsyn also warned of today’s socialism. “A number of such critics turn to socialism, which is a false and dangerous current.“ The danger is already here and the situation is much, much worse.
"Following a decadent decade of market deregulation," .... Point to one single instance of this so-called "decade of market deregulation." Are you referring to the Reagan years? Hardly de-regulating in any lasting sense whatever. The Bush II years? Sure, a horrible president, mainly because he did not de-regulate anything. That is a fact. Everyone clamors about this "de-regulation" that *never* happened. It is and always has been government intervention through arbitrary market management, the federal reserve (setting interest rates below true market levels), the IRS, fractional reserve banking, and on and on and on. Socialist/statist regulation after regulation after regulation that finally collapsed in on itself. There is no doubt about this. And somehow "free markets" take the blame? What a breathtaking denial of reality. We have not had a free market in the U.S. for over 100 years now. Disagree all you want. You're wrong.
You are absolutely right Andrew the American government has placed so many regulations that this was bound to happen sometime. I can't help but wonder though, if the government had not done their "bail outs" would the American economy not be better off?










Interesting.