true capitalism is too hard to tolerate even for an allegedly free market nation like US. problem is simple. USA is no more competitive in any significant field.
"The shift in economic power toward governments and their auxiliaries, the major banks, is unprecedented in peacetime. And it seems to be the intention of the Barack Obama administration "not to let a crisis go to waste", as the president’s
chief of staff,
Rahm Emanuel, famously declared. The trillion-dollar federal
health plan on which the
US House of Representatives voted March 21 will effectively nationalize a sector comprising 14% of the US economy - on top of the de facto nationalization of the banking system."
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