The coming financial crisis

[ATV]

^

[Phanatic]

Bloomberg

There's no doubt the world that Reagan envisioned didn't work out. The "Washington Consensus" of free markets, small government and unfettered globalization that characterized the 1990s also is over. China knows it, and it's speaking out more confidently -- and rightly so.

Capitalism isn't dead; it lost its way. Expect a more sensible version than the one that just crashed in which capital flows freely and regulations see that markets don't go off the rails. As perverse as it sounds, a touch of socialism is needed to resuscitate capitalism.

Counter argument would be the Liberals got in the way preventing Reagan's true vision. I don't agree or disagree... just sayin

[Rome]

Reagan had about as much vision as one of his chimp co-stars.

[phillymic2000]

The fact that anyone agrees with what China is doing scares the living shtein out of me. What the farg

[ATV]

[rjs246]

The fact that anyone agrees with what China is doing scares the living shtein out of me. What the farg

Did you even read the article? It doesn't agree with what China is doing as a viable long-term economic plan. It simply says that introducing some regulation and socialist principles to American capitalism should provide us with a stronger version of our economic model moving forward.

[rjs246]

Is there a more boring topic than the G-20 meeting?

Probably not, but that's all any of the news outlets are talking about these days.

[phattymatty]

i thought you only posted interesting and insightful links.

[Diomedes]

The protestors are making a good show of it.  NPR just reported that bankers were taunting protesters carrying signs like "capitalism isn't working" by waiving cash money at them on their way into work.

[rjs246]

i thought you only posted interesting and insightful links.

Good point.

Here's something far more interesting and insightful and throbbing and veiny.

[rjs246]

Mark-to-market rules being relaxed after every economist everywhere called for it.

Really good news and the Dow is coming all over itself in response.

[Father Demon]

You know who's coming all over themselves?

taterskins fans.  They're getting Cutler by tomorrow.  It's a good thing too, because he wouldn't amount to shtein in Philadelphia.

[rjs246]

I see what you did there, fella.

[rjs246]

Slick economic politics on an international level.

All in all, a pretty successful opening-night performance for President Obama on the international economic stage. He achieved most of what he wanted while allowing others to claim victory and allowing the United States to shed its Bush-era reputation for inflexibility and heavy-handedness. And by the standards of past summits, this one was full of accomplishment.

[PoopyfaceMcGee]

Why is Obama refusing to let TARP money be repaid?

Instructions for ATV or IGY:
1.  Only semi-read the article at most.
2.  Slam it as partisan opinion.
3.  Post rebuttal from DailyKOS.