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It's a nice article. I understand what they wrote, but I can't judge if they have everything correct. Am looking forward to Burg's comments on it.

Side note: I read an article in a Dutch paper, that suggested that the 'capitalist economy of the US' is slowly swinging towards a 'government supported socialist economy'. (Because of the (huge) investments made by the government that, at least, reek of nationalisation of certain parts of the economy.) Comments please, Burg, Willie?



As I've stated in another thread, the govt. intervention is not a nationalization of any part of the economy. It is simply an expedient and orderly way for the assets of failed financial institutions to be sold off. It isn't like the BBC.

I see some of the European media like Der Speigel has declared the current financial system crisis as the end of American capitalism. They wish.
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"Offer them what they secretly want and they of course immediately become panic-stricken."