ADVERTISEMENT

Russian Prime Minister Vladimir Putin said in a speech he gave at the opening ceremony of the World Economic Forum in Davos, Switzerland:

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.

This sounds somewhat familiar… hmm…  I wonder where this is possibly being repeated?  But let’s not actually listen to someone who has been there, done that.  Economic wisdom from a former member of the KGB.  Interesting.

(HT: Pink Elephant Pundit)

Subscribe For Latest Updates

Sign up to receive stimulating conservative Christian commentary in your inbox.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
2 comments
  1. Back in the USSR… you don't know how lucky you are, boys.

    Oh, I hope the Beatles song isn't prophetic. Why would anyone say that the policy of capitalism “failed” in the USA. No, it didn't. Government programs failed and destroyed our mortgage industry. Just that simple. We were the wealthiest nation on earth until creeping socialism extended so far it began to constrict our economy.

    How can anyone say Obama is intelligent when he doesn't realize the USA was a better nation than the USSR and the people had more because capitalism, not socialism, produces wealth???

Comments are closed.

You May Also Like

Obama’s Religious Freedom Ambassador Opposes Religious Freedom at Home

President Barack Obama on Monday appointed Rabbi David Nathan Saperstein as Ambassador…

A Sad Day for Individual Liberty

By Amy Sinclair June 28, 2012, was a sad day for individual…

HarryCare: Increased Taxes & Subsidized Abortions Among Other Problems

I’ve already written that the health care reform bill that Senator Harry…

U.S. House Votes to Defund Abortion Providers of Taxpayer Money

U.S. House of Representatives passed the No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017 by a vote of 238 to 183.