Friday, November 14, 2008

The Unrepentant capitalist

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....Still preaching their free-market vice On Thursday 13 Nov outgoing US president addressed the Manhattan Institute ,a Free marketeer think tank during which he stubbornly defended the 'virtues' of unfettered capitalism. bereft of humility and realism the worst president in the US history went ahead to proselytize to the rest of the world how we should all converge and worship avidly at the alter of capitalism. Mr. Bush is convinced that it is the only hope for mankind if were are to make material and welfare progress. Admittedly he proposed a better supervisory regime to safeguard the system , even though that comes with caveat; no regulation must alter the system. This is a time for new thinking on the future of economic policy and shed the old ways that have domintaed the world for the last 30 decades and occassionally ends in tears and destroys lives. sure capitalism has its many virtues and dont let think its alien to any sovciety but western ones. All societties have engaged in capitalist systems that have worked to thier benefit ver millenia, hoewevr the extreme form we are experiencing will ultimately lead to our collective destruction as we have found. The excesses of capitalism is too potent , its drowns out reason and moderation and usually ends us in misery The other side of the debate that espouses moderated capitalism should not allow the extremists to continue preaching their vice but take the stage and make the arguments that will definitely prevail because of its reasonableness. The likes of Bush and his cronies should not be allowed to get tell us this failure is only a hic-up and that we should prepare to resume business as usual. the status quo must change

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