Economy: Why the World Still Needs Us | Newsweek Voices - Daniel Gross

Obama's view of the future of America - Socialism which is the next step to Communism!! He admitted to Joe the Plumber than he wanted to spread the wealth! He said that he wanted to make everyone equal! Is America ready for Socialism? The Iranian president, Ahmadinejad, said today that he is glad to see the end to capitalism in America!! Are you glad?????
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Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luckbeing in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

While apparently right, let's remember that europe have been waging a war on prices and inflation, oil prices soared, food prices did the same and that stole purchasing power to the people, this was true for all the world across the world, and while in US, distressed financial institution received cash from the FED and a great interest rates cuts, this wasn't true for much of Europe and Japan.
Decoupling isn't a theory it's more a reality, but the factors weghting down the world economies are others, and indeed fueled by China, India and Speculators in the oil and food markets, by doing this he ability to depend more in domestic demand have been restrained, let's not forget that countries such Brasil and even Switzerland quickened up the second quarter, Mexico a big exporter to US slashed it's GDP forecast and not as much as Europe or Japan, it keeps growing at near 3% rates.
Decoupling it's more a reality and a more viable scenario in this current world, but have failed to prove it's magic due other factors and that non US central banks are much more worried about inflation, with this are making credit more expensive.

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Posted By: Jim Johnson @ 10/17/2008 7:35:01 PM

Obama's view of the future of America - Socialism which is the next step to Communism!! He admitted to Joe the Plumber than he wanted to spread the wealth! He said that he wanted to make everyone equal! Is America ready for Socialism? The Iranian president, Ahmadinejad, said today that he is glad to see the end to capitalism in America!! Are you glad?????
====================================================================================================

Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luckbeing in the right place at the right time or the wrong place at the wrong time? R. R. Pope}
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Posted By: phiomalibumalibu @ 09/12/2008 5:28:19 AM

The equity in the world is constantly shifting. I have been following this closely and it's easy to see which markets open up the hot equity. Following it can be challenging but most of the information is available at
hotequity dot com. Follow the global equity, and keep your money safe!
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Posted By: Pepx @ 09/12/2008 4:58:05 AM

While apparently right, let's remember that europe have been waging a war on prices and inflation, oil prices soared, food prices did the same and that stole purchasing power to the people, this was true for all the world across the world, and while in US, distressed financial institution received cash from the FED and a great interest rates cuts, this wasn't true for much of Europe and Japan.
Decoupling isn't a theory it's more a reality, but the factors weghting down the world economies are others, and indeed fueled by China, India and Speculators in the oil and food markets, by doing this he ability to depend more in domestic demand have been restrained, let's not forget that countries such Brasil and even Switzerland quickened up the second quarter, Mexico a big exporter to US slashed it's GDP forecast and not as much as Europe or Japan, it keeps growing at near 3% rates.
Decoupling it's more a reality and a more viable scenario in this current world, but have failed to prove it's magic due other factors and that non US central banks are much more worried about inflation, with this are making credit more expensive.