Wednesday, June 17, 2009

Neo-Communism

From Vanity Fair via the New York Times...

"As Washington fails to practice the fiscal discipline it has long preached to the world, the current crisis will prompt rising economies to reject free-market democracy — a toxic legacy, a Nobel laureate warns."

“Old-style Communism won’t be back, but a variety of forms of excessive market intervention will return. And these will fail."

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