Hopey Change has taken us down the rabbit hole and through the looking glass, into a Jabberwocky world where a Russian strongman warns America to preserve what's left of its economic liberty. Vladimir Putin at the recent World Economic Forum in Davos, Switzerland:
Although additional protectionism will prove inevitable during the crisis, all of us must display a sense of proportion.
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.
If Putin is so sure of that, he hasn't been studying up on the Cloward-Piven Marxists now in charge of our government.
He's right to worry on our behalf. As the Democrat campaign to replace liberty with socialism brings our economy down, the world economy is going with it.