Comments on: My First Post — Comment about the Purpose of Capitalism and Free Markets http://www.globalpolitics.com/2008/12/17/my-first-post-comment-about-the-purpose-of-capitalism-and-free-markets/ Sensible Commentary and Thought on Politics and Current Affairs Mon, 04 Jan 2010 14:47:46 +0000 http://wordpress.org/?v=2.9 hourly 1 By: MJK http://www.globalpolitics.com/2008/12/17/my-first-post-comment-about-the-purpose-of-capitalism-and-free-markets/comment-page-1/#comment-18 MJK Wed, 24 Dec 2008 03:32:40 +0000 http://www.globalpolitics.com/?p=7#comment-18 David, thanks for your comment! I agree with your summary about the overall cause of the meltdown. Regarding the U.S. move to socialism, I am hoping that this will be temporary or at least as short-lived as possible, where the Government will extricate itself somehow from all this. Obama, in naming a center-left economic team (Clinton redux), is implying that he does not want socialism. Though I find it ironic that these guys too are complicit in fueling the fire towards our meltdown (<em>see</em> the 1999 article, http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&pagewanted=all). And as an aside, it was amazing to see the bailout of Citigroup where all the company's long term directors kept their jobs, including Robert Rubin, Clinton's Treasury Secretary who is the inspiration behind Obama's selected economic team. Probably another great example of Bush / Obama cooperation post-election . . . David, thanks for your comment! I agree with your summary about the overall cause of the meltdown. Regarding the U.S. move to socialism, I am hoping that this will be temporary or at least as short-lived as possible, where the Government will extricate itself somehow from all this. Obama, in naming a center-left economic team (Clinton redux), is implying that he does not want socialism. Though I find it ironic that these guys too are complicit in fueling the fire towards our meltdown (see the 1999 article, http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&pagewanted=all). And as an aside, it was amazing to see the bailout of Citigroup where all the company’s long term directors kept their jobs, including Robert Rubin, Clinton’s Treasury Secretary who is the inspiration behind Obama’s selected economic team. Probably another great example of Bush / Obama cooperation post-election . . .

]]> By: David Dzidzikashvili http://www.globalpolitics.com/2008/12/17/my-first-post-comment-about-the-purpose-of-capitalism-and-free-markets/comment-page-1/#comment-17 David Dzidzikashvili Tue, 23 Dec 2008 22:22:03 +0000 http://www.globalpolitics.com/?p=7#comment-17 Shalom MJK! Interesting topic and good blog start (design fine), but the meltdown is the result of the unrealistic projections & expectations. The world economy is at 60 trillion and we have amassed debt of 700 trillion. We have killed or abandoned the true principles of Capitalism and now with more regulation and bailouts we are moving closer to European style Socialism. Shalom MJK!

Interesting topic and good blog start (design fine), but the meltdown is the result of the unrealistic projections & expectations. The world economy is at 60 trillion and we have amassed debt of 700 trillion. We have killed or abandoned the true principles of Capitalism and now with more regulation and bailouts we are moving closer to European style Socialism.

]]> By: hippiekiller http://www.globalpolitics.com/2008/12/17/my-first-post-comment-about-the-purpose-of-capitalism-and-free-markets/comment-page-1/#comment-3 hippiekiller Wed, 17 Dec 2008 17:50:46 +0000 http://www.globalpolitics.com/?p=7#comment-3 mazel tov viva la revolution!!!!!!!!! mazel tov
viva la revolution!!!!!!!!!

]]> By: Baruch http://www.globalpolitics.com/2008/12/17/my-first-post-comment-about-the-purpose-of-capitalism-and-free-markets/comment-page-1/#comment-2 Baruch Wed, 17 Dec 2008 08:00:03 +0000 http://www.globalpolitics.com/?p=7#comment-2 MJK: Congratulations on the new blog. Let me be the, um, first to shout: First! Good luck and hatzlahcha rabbah! Baruch MJK:

Congratulations on the new blog. Let me be the, um, first to shout: First!

Good luck and hatzlahcha rabbah!

Baruch

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