Wednesday, February 18, 2009

Vladimir Putin To The US: "No, Seriously, Socialism Doesn't Work"

Via Gateway Pundit:

"We must not revert to isolationism and unrestrained economic egotism... Excessive intervention in economic activity and blind faith in the state's omnipotence is another possible mistake. True, the state's increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent... In the 20th century, the Soviet Union made the state's role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated."

Russian Prime Minister Vladamir Putin
Opening ceremony of the World Economic Forum in Davos, Switzerland
January 28, 2009

Barack Obama: making history's mistakes all over again.

Well, he did promise change, didn't he?

UPDATE: A little relevant wisdom -

"The kind of events that once took place will by reason of human nature take place again."

--Thucydides (~400 BC)

UPDATE II: Reaching just a little farther back into history -

"We hang the petty thieves and appoint the great ones to public office"

--Aesop (~550 BC)

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