Posted on November 23, 2008

Capitalism didn’t kill the banks – socialism did

Actually...it was Bill Clinton and his cronies, with their politically correct affirmative action. That is the fact of the matter – the Clinton administration compelled the banks to lend to minorities, to comply with racial and social quotas that defied all the rules of banking

AT LAST – the death of capitalism has occurred, as so often predicted by all those rheumy-eyed revolutionaries bumming drinks off students in pubs (”See me, son, ah’m a socialist. Did ye ever read a book called The Ragged Trousered Philanthropists? Magic!”). Zzzz…

The thesis is that the banking system, propelled by the centrifugal force of its own greed, has spun off its axis, as it was always predestined to do through the operation of Marxist historical inevitability, and a new order is arising under which the financial institutions are progressively falling into public ownership. Under the stimulus of this unlooked-for remission, even the moribund Labour Left is sitting up and taking some thin gruel.

Alas for all those ragged-trousered philanthropists holding a mirror hopefully to the nostrils of capitalism, a detailed diagnosis shows that socialism is not the cure but the cause of the malady. The notion that capitalism cannibalised itself is bunkum and the evidence is irrefutable. Amid all the myriad analyses of the financial collapse, one sole premise commands universal assent: the crisis originated in the sub-prime mortgage meltdown in America.

Source:
Capitalism didn't kill the banks – socialism did
news.scotsman.com

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3 Comments on “Capitalism didn’t kill the banks – socialism did”

  • Why are the politically correct liberal politicians liberal (aka Marxist) being allowed to destroy our country? And why is the U.S. Supreme Court and other Federal Judges being allowed to be puppets of the politically correct liberal politicians and violate the U.S. Constitution by changing and creating laws, when the only ones with that right are the ones elected by the people for the people? Our countries heritage, culture and the laws of our Founding Fathers that have been around for over 225+ years are now being done away with and these puppet Federal judges claim they violate the U.S. Constitution, when it in fact these Federal Judges whose violating the U.S. Constitution.

    This land, America, has been a Christian, English speaking, family value and the majority rules land since Jamestown, VA was first settled in 1607, almost 402 years. Now they are destroying the economy, another Marxist move of many moves made by the politically correct liberal politicans (aka Marxist).

    What worries myself and many others, why has the even the Republicans when in power let the U.S. Supreme Court and other Federal Judges work for the Marxist? Thirty thousand can vote in a city election to approve or disapprove on an issue and if twenty nine thousand, five hundred are in favor of the issue and five hundred are against the issue, then some Federal Judge comes along and voids the vote and rules in favor of the five hundred over the twenty-nine thousand, five hundred voters.

    Myself and others have written our two U.S. Senators and our Congressman about some of these issues, all three Republican and received no replys. Well, our Congressman wouldn’t help and he lost the primary and his replacement beat the liberal on Nov. 4th.

    We’re also losing our country because many Americans base their votes on straight party politics, if he’s cute or promises something for nothing (Sounds a wee bit Marxist).

    Thank you for the chance to get this off of my chest, ofcourse I’ve lost all my faith in the American people after the Nov. 4th election. And it appears becoming 100% disabled in combat and my friends and thousands of others all died in vain for the U.S.and most of it’s citizens.

    Sincerely,

    Capt. L. McR. Hawkins, Ret.

    Posted by L. McR. Hawkins on November 25, 2008 at 5:31 pm
  • The idiocy rampant throughout both this post and the resulting comment is alarming. Paranoia about socialism has prompted both of you to abandon reason and shelter yourselves in the house of ignorance. Liberalism and Marxism are not synonymous. You have both lost rationality and are now nothing more that terrified children. You do not understand the viewpoints of the “other” and have retreated intellectually into a Bashing campaign. The failure here is evident.

    Posted by William DeVrelle on December 20, 2008 at 4:43 pm
  • Capitalism is so shortsighted that it can’t even see the need for consumers.Bailing out the auto sector won’t do a damn thing since there are millions of surplus new cars or a shortage of consumers who can afford them.I have only had cars, 18 year old beaters for 3 years of my adult life and I couldn’t really afford one.Job security these days is only measured in weeks for most workers.I think cars should be banned from our cities in favour of better and more accessible public transit, which reduces congestion, pollution and noise.By living collectively and cooperatively, we could have a better, more livable urban environment.The current economic crisis is so stressful that I wonder if the only way out is for us to all kill ourselves, certainly our planet would benefit.Can we live without boom and bust, rich and poor?Too much greed and competition are ultimately destructive.

    Posted by Communist John Defalque on February 24, 2009 at 2:11 pm

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