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Vladimir Putin attacks Western rescue packages

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Vladimir Putin. the Russian Prime Minister, launched a swingeing attack on Western financial rescue packages yesterday, calling for a new world order to reverse the financial crisis.

On his first visit to the World Economic Forum in Davos, Mr Putin called the crisis a “perfect storm” that had arisen from a world dominated by the US. He said that only a rebalancing of global power could cure the problem and that financial stimulus packages of the kind agreed by Washington and London could lead them down a path well-worn by Moscow while doing little to aid recovery.

More:
http://business.timesonline.co.uk/tol/business/economics/wef/article5607474.ece

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“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures,” Mr Putin said in his keynote address at the opening of the four-day meeting. “There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”

Wow.

What the fuck are we doing? A nation brought to it's knees by government interference is warning us about following the same path.

Are the dems in Washington literally the only people on Earth who think this is a good idea?

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Stay positive and love your life.

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You have to admit that your government, my government, and also all of the other wester world pushed hard to make the brakedown happen! The Gas field in Norway was a puzzle in the game as well! Now it seems the capitalism have outplayed it selves as well!

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“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures,” Mr Putin said in his keynote address at the opening of the four-day meeting. “There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”

Wow.

What the fuck are we doing? A nation brought to it's knees by government interference is warning us about following the same path.

Are the dems in Washington literally the only people on Earth who think this is a good idea?



Obivously not, since it was the Bush administration that began these bailout policies.
Speed Racer
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“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures,” Mr Putin said in his keynote address at the opening of the four-day meeting. “There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”

Wow.

What the fuck are we doing? A nation brought to it's knees by government interference is warning us about following the same path.

Are the dems in Washington literally the only people on Earth who think this is a good idea?



WTF would anyone take Putin's advice at face value?

He's presiding over a loosely defined nation that is eagerly repeating the mistakes of capitalism in the 19th Century. And so long as oil is under ~70$/barrel, his primary oil corp is losing money.

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