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Thursday, January 29, 2009


Macroeconomically speaking this is completely irrelevant of course. What are $18 billion when Congress will spend over $800 billion after all. Plus I guess this recession needs high incomes in order to kick-start consumption again. But, talking symbolic politics (which I admittedly criticized a mere two days ago), how am I supposed to develop any kind of respect toward these leaders of global capitalism (that's what these people are after all to some extent)? How am I supposed to respect this thing called capitalism in the first place, if the immediate response to the biggest financial crash since 1929 is a massive payout to the people responsable for just that crash?

I guess Churchill must have been right, capitalism is clearly the wort imaginable economic system, except for all the others.

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