Deumlaokeng

Don't Panic

"This catastrophe/(gov) is making capitalism look bad"

I am so sorry, but capitalism, especially of the US cowboy capitalism persuasion favored by Regan, Thatcher and of course the corporate elite, has been looking bad and ineffective to the majority of the world well before this current crisis. One only need look at the decades of failed IMF capitalist "free market" policies foisted upon many countries in the third world, especially in South America, to see the utter failure of the economic model. That same failure is now coming home to roost in the US.

It was interesting this past weekend to watch Zakaria's weekly TV show where the foreign panelists noted this final clear failure of the US economic model as they noted that many leaders will no longer even be looking at the US model as an option. And then the second half of the program is an interview with the originator of the economic model that is now the primary economic model being followed world wide, the model of state guided capitalism of Lee Kuan Yew.