Friday, September 19, 2008

Capitalism is dead in America

The mixed economy is not longer mixed. Welcome to socialism, at the speed of light. I can only hang my head and raise a glass in a toast to the memory of what could have been.

And now a prediction: Give all failing industries time to approach the government for a bailout. They will all line up, and less efficient they are (negative profits and enormous numbers of employees), the more likely they will become part of the new "don't let anyone fail" government of ours. Expect auto and airline industries at the front of the line.

I expect inflation to go through the roof, since these paper bills we hold apparently have no value at all since the government is giving them away to purchase failed enterprises and prop up stock prices. Run for the hills!!!!

1 comment:

Melancholy Korean said...

haha - good to see the Capitalist back.