Prime Minister Rudd launches attack on capitalism — and his rightwing critics crumble

[Lost User]

Ilíon wrote:

Ah. No, I know nothing about that.

I'm going to print and frame this quote before it gets voted into oblivion!

[bulg]

Grats, you had a successful conversation with him!

[Ilion]

lol :laugh: Silly man, you've been listening to lies about me.

[Ilion]

bulg wrote:

Grats, you had a successful conversation with him!

Anyone can ... it depends upon you.

[Oakman]

Josh Gray wrote:

I'm going to print and frame this quote before it gets voted into oblivion!

ROFL.

Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

[Ilion]

This article from the Sydney Morning Herald, published Jan 31[^], says Rudd's essay is to be published "next week." So, if it's not out yet, it should be soon. edit: Perhaps this will take you to it?[^]

[Lost User]

Ilíon wrote:

This article from the Sydney Morning Herald, published Jan 31[^], says Rudd's essay is to be published "next week." So, if it's not out yet, it should be soon.

Yes that's the article I was referring to

[Ilion]

this as a link to it?[^] First 1500 words (of 7000) free online [^]

[Lost User]

Ilíon wrote:

this as a link to it?[^]

Thanks, I'd go and buy the magazine but I think it will just make me angry.

[Ilion]

Josh Gray wrote:

Thanks, I'd go and buy the magazine but I think it will just make me angry.

From what I've read so far, I don't think much of the fellow's ability to think clearly. But hey! maybe he's merely disingenuous. For instance:

... Not for the first time in history, the international challenge for social democrats is to save capitalism from itself: to recognise the great strengths of open, competitive markets while rejecting the extreme capitalism and unrestrained greed that have perverted so much of the global financial system in recent times. It fell to Franklin Delano Roosevelt to rebuild American capitalism after the Depression. It fell also to the American Democrats, strongly influenced by John Maynard Keynes, to rebuild postwar domestic demand, to engineer the Marshall Plan to rebuild Europe and to set in place the Bretton Woods system to govern international economic engagement. And so it now falls to President Obama's administration - and to those who will provide international support for his leadership - to support a global financial system that properly balances private incentive with public responsibility in response to the grave challenges presented by the current crisis. The common thread uniting all three of these episodes is a reliance on the agency of the state to reconstitute properly regulated markets and to rebuild domestic and global demand. ...

All "rebuilding demand" will do is spark inflation ... just as it did last time 'round.