The bloviating, hypocrisy, and irony already coming out of the mouths of the participants of this meeting is almost more than I can bear.
In a speech on Thursday, George W Bush bravely defended capitalism, and warned against government meddling. After 8 years of supervising the largest growth of the US central government in history, after overseeing nearly a decade of encouragement by the government of inflation and financial irresponsibility, after two terms of conniving to pressure mortgage associations into unrealistic loans based on political correctness, and after being a stalwart defender and spokesman for massive redistribution of wealth (what else do you call the recent and ongoing bailouts?), George W. Bush, of all people, tells the other 19 socialist rulers at the G-20 summit:
"History has shown that the greater threat to economic prosperity is not too little government involvement in the market, but too much...''
This utterance by Bush is not only true, it is a great understatement, and the policies of his own Administration is part of the history that bears out this truth, by proving once again that government meddling and heavy-handedness, and the inevitable cronyism which always must accompany such systems, undoes a nation's economy.
So, while Bush is telling the world not to abandon capitalism (as if any free-markets exist in the world today), rulers such as Sarkozy of France and Rudd of Australia, and Merkel of Germany are blaming everyone except politicians, and everything except excessive governmental intervention for the current global financial crisis, and are in particular slamming our own government for not being meddling and overbearing enough! The irony!
These rulers don't see any role in the crisis played by mercantilism, lack of real competition, political correctness, fiat money systems, economic fascism, and all manner of government-forced redistribution of wealth, all of which are key causes of the current, looming economic storm. To these statists, never is there an over-reach of government; only a lack of government intervention. To them, government can never consolidate enough power.
And the hypocritical rhetoric by the statist George W. Bush, and his phony defense of capitalism with words only, does nothing but more harm, by giving capitalism an undeserved bad name. Shame on him. Shame on all of these rulers. Shame on the lazy, lying, incurious, uninformative, state-serving media of the world. Shame on the apathetic, ignorant followers of these rulers who give them their consent to be led to chaos, slavery and poverty.
Thanks for reading...
