Pat Boone Calls The President A Marxist

[TheCurmudgeon]

Last night there was a discussion on the BBC's Newsnight programme on the Cyprus banking raid and an economist pointed out to one discussant that the US government is a very, very active participant in the economy. Reference was made to the US$31 billion annual investment in drug / medical research, by an agency I didn't catch the name of. Needless to say in the UK and suspect other places in the EU, there is no equivalent, let alone such an amount.

Sometimes one hears Americans, inside and outside government, refer to the USA being a capitalist economy, free market etc. Really?

The sad (my) truth is that both the advocates and participants in public policy making in the developed 'West', whether capitalist or socialist and those in-between - just love spending other people's money.

Perhaps the USA should acknowledge it is not the current President who is a 'Marxist', but a rather large part of your establishment, elite, public and private sector.

We practice Corporate Marxism

J. W. - I can agree that we can agree to disagree