Russian Prime Minister Putin Issues Warning to US About Socialism

[AFCadetSteel]

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.”

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 cautioned the US against using military Keynesianism to lift its economy out of recession, saying, “in the longer run, militarization won’t solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them.” Putin’s comments come in sharp contrast to Russia’s own military buildup and expansion.

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.”

“The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.”

Here's the source -> http://www.therightperspective.org/?p=1472
What is your opinion of this? Do you think it will reach American ears and persuade them to step up and preserve our nation?

[JohnP]

Originally Posted by AFCadetSteel

Here's the source -> http://www.therightperspective.org/?p=1472
What is your opinion of this? Do you think it will reach American ears and persuade them to step up and preserve our nation?

In this writers opinion nothing can reach the average American's ears unless it is put into a 15 second info-mercial with the Dallas Cowboy Cheerleaders having it written on their flat stomachs.

Originally Posted by AFCadetSteel

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.”

There are several hundred Ron Paul supporters in this part of the country. Though I don't agree with a lot of his policies, I do back his idea about hopeless debts and bad assets.

When you take over a failing business, the 1st thing you do is get rid of the waste. As a nation, should we declare Chapter 13, throw out the United Nations, and call in all markers? How many loans are out there in the billions, that haven't been paid? When I missed a payment on my car, the bank threatened to repossess it. Can or should we do that to a country?

Hey France, you still owe us 7.5 Billion in war loans. Pay up or we will now, or we own you as a territory. Then resell it to the Japanese or the rag-heads.

Just a thought….

[Buffa1oso1di3r]

Wow... a former officer in the KGB warning the US about Socialistic policies.

That's one thing that I never thought I'd see in a million years, however, he's right.

The Russian economy is in shambles because the Government controlled everything.

I wonder what Obama's going to say in reply.

[AFCadetSteel]

Originally Posted by Buffa1oso1di3r

I wonder what Obama's going to say in reply.

Prolly nothing like most of the stuff that comes out and goes against him.

[TruBlu]

I believe there was a thread about Socialism and economics some time back, but I can't seem to locate the thread. But socialism doesn't work in a modern global economy such as the one we find ourselves in today. With that, I doubt we will see a rise of Socialism in our country, that is to say toppling Capitalism. I think there are still enough good men (and women) in Congress to stop something of that nature.

[Ivan_The_Mute]

Originally Posted by JohnP

In this writers opinion nothing can reach the average American's ears unless it is put into a 15 second info-mercial with the Dallas Cowboy Cheerleaders having it written on their flat stomachs.

John, in all fairness, any REAL American man would take notice in that situation.

But to the Op, the fact that Premier (well, President) Putin is putting out this warning is suspect, especially when you look at the fact that he has nationalized more of Russia's heavy industry and petrolium industry faster than Chavez did in Venezuela (and imprisoned the owners of said industries to boot.)

Personally, I hope that we allow the bad debts to drop, take our lumps, and move forward. Economics, like damn near everything else, is cyclical and all we're doing at this point is stretching the trough of the cycle out and slowing our reach for the peak.

[a777pilot]

"I wonder what Obama's going to say in reply."

I guess.....

"Ah, Ummmmm, ohhhh, ahhhhhhhh, um, um......

I'm black."

What do I win?

[PhoenixCadet]

Originally Posted by a777pilot

"I wonder what Obama's going to say in reply."

[a777pilot]

Originally Posted by PhoenixCadet

LOL!

Good one!