TEHRAN, Iran (AP) -- Venezuelan President Hugo Chavez on Friday ridiculed the G-20 summit's attempts to deal with the global financial meltdown, saying that capitalism is in crisis and must end.
..."It's impossible that capitalism can regulate the monster that is the world financial system, it's impossible," Chavez told Venezuela's state TV late Thursday. "Capitalism needs to go down. It has to end. And we must take a transitional road to a new model that we call socialism."
Clearly, Chavez is mocking the U.S.
But in many ways, he seems to be on the same page as Barack Obama and Timothy Geithner.
We must change. We must make new rules. We must seize private businesses. We need a new model.
Obama and Geithner differ from Chavez in that they don't want to call it socialism.
Simply calling it "change" makes it so much more palatable to the masses.
We're "the masses."
Get used to it.
CHARLIE ROSE: Will capitalism be different?
TIMOTHY GEITHNER: I think capitalism will be different, and the financial system will be dramatically different.
3 comments:
Somebody needs to have Geithner tell all the oblivious folks I saw at dinner, in several bars and in art galleries tonight that capitalism is going to be different and pretty soon all of their lives are going to significantly change. The less money those working have, the less money there will be to buy art from the studios and galleries that we were in tonight, many of which featured Obama posters.
The more I look around I'm convinced 95% of the country no more knows what is on the horizon than the man in the moon.
I think many Americans take our way of life for granted.
They don't realize how precious our freedom is.
Our best shot is that the economy recovers some in 2009 and then when Obama's stimulus and huge budget and Geithners's power trip(s) fire up inflation, start racking up huge job losses and a mini depression is on the horizon, we can pin all of this on Socialism and the radicals in office and then once and all politically purge them from the system.
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