Saturday 22 November 2008

socialism in frEE markEt ?

if not then tell me whats happening in the US, with all the government bailout of big banks and probably the auto giants? i would like to see the staunch proponents of free market speaking out against this "ghastly" act of state intervention in the market. i once read about this guy who told that markets have the ability to correct itself and the big companies will always act in the direction favorable to consumers so that they wont lose the market. but what happened now will hopefully give Keynes the rest he deserved. After the financial institutions were bailed out of their misdemeanor its the turn of the big auto makers who are begging at Washington for financial assistance. Assistance for what? Flying back to Detroit on their private jets? or for a cocktail party at some posh golf course to celebrate the "victory"? Why should they be appreciated for mis-management and for the beleif and actions which was on the line that the American way of gas guzzling vehicles will go on for ever? and i don't see any difference between government owning industry or government intervening in industry whether it be a bailout or an emergency loan. What is this? A freaking subsidy to the big conglomerates from the same government which is pressurising the third world to cut down on subsidies that they give for their less-than-a-dollar-a-day farmers?

It seems that the anti-socialism running in the veins of those neo-cons is outright hypocrisy. Those who are unwilling to pay more tax so that his neigbour may have good health care is, shelling out his money for the big companies. This is all crap.

With the last fortress of "freedom" (the free market) also intervend upon by the government, what is left in the land of free? Already the various federal agencies are prying into citizens life. i wonder what kind of free speech it is in this nation, if someone expresses a different political view, he is spied upon. all these make me predict that governements all around the world , however freedom they may proclaim on paper, will cut down on freedom as humanity evolves and finally mankind will reduce itself to some vegitative state or Matrix itself may become a reality with machines and the governement machinery (if ever there will exist one) feeding and controlling the lives of hapless victims of civilization.

i'm hoping that these things wont happen even though the future looks bleak.

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