“We must not revert to isolationism and unrestrained economic egotism… 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… 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.”
Russian Prime Minister Vladamir Putin
Opening ceremony of the World Economic Forum in Davos, Switzerland
January 28, 2009
This was really pathetic.
Even Russian President Vlad Putin warned the US about socialism last year:
Too bad the Democrats wouldn’t listen… Or, maybe they listened but just didn’t care.
Whatever the reason, the Russian News Service RIA Novosti still thinks America is transforming into a Soviet style economy, via Big Government.
U.S. President Barack Obama has finally brought America closer to European universal healthcare systems. It took him almost a year to persuade Congress to approve his healthcare reform. The House approved it by a majority of only seven votes (219 to 212) on March 21. The amended bill will be submitted to the Senate but this will be a sheer formality, since the Senate is dominated by Democrats and the endorsement procedure has already been agreed upon.
The 44th U.S. president could sign the bill this week. He will then go down in history not only as the first black president, but also as the first “red” president: Obama’s Republican opponents maintain that the bill is too socialist.
The European genes implanted into the American medical insurance system will not make it similar to that of Britain, Sweden or even neighboring Canada. Even Obama could not dare to be so radically socialist. However, his reform is truly historic, albeit only for America.
Europeans may mock it as pathetic since they adopted medical insurance systems decades ago. Russia also has such a system. Indicatively, one of the most vicious opponents of Obama’s reform, Republican Devin Nunes, accused the bill of continuing the failed Soviet experiment. He was overly emotional but there is a grain of truth in what he said.
Even Russia continues to mock the nation’s leaders for their failed economic policies.
How’s that for hope and change?
