Putin warns US about socialism! Pravda: America is Marxist

[Almanac]

What is the world coming to? Mary Ellen Synon commented today on the two below remarkable warnings emanating from Russia.

During a speech at the World Economic Forum in Davos, Switzerland, Putin
warned:

Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake.

True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent.

The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation.
In the 20th century, the Soviet Union made the state's role absolute. 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.

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.

We find the below related commentary in, of all places, the Pravda:

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breathtaking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people...

These past two weeks have been the most breathtaking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters...

Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride...

The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snickerwise" Anglo-Saxon fools find out the folly of their own pride.

[cactusflower]

Fascinating: after all those years of Stalinism, they haven't a clue about what socialism is. What is happening in the US and elsewhere is that finance capital is demonstrating that it is currently more powerful than the nation state. Big capital is wringing States dry and passing losses from holders of wealth to ordinary tax payers who have no wealth.

It is simply not sustainable as purchasing power will drop like a stone and profit will be further squeezed.

[Almanac]

Fascinating: after all those years of Stalinism, they haven't a clue about what socialism is. What is happening in the US and elsewhere is that finance capital is demonstrating that it is currently more powerful than the nation state. Big capital is wringing States dry and passing losses from holders of wealth to ordinary tax payers who have no wealth.

It is simply not sustainable as purchasing power will drop like a stone and profit will be further squeezed.

What's your own interpretation of socialism?