A "must read" to understand current problems

This is a "must read" article by Robert. V. Green on the historical reasons that eventually caused the current financial crisis. Clearly written. I am trying to get permission from Mr. Green to post the whole article here. Meanwhile, you can go to this address.

http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?SiteName=Investor&ArticleId=NS20080930133404AheadOfTheCurve

Bottom line. Social engineering does not work. The USSR proved it quite clearly. This is not a crisis of capitalism. This is a crisis caused by probably well-meant socialist ideas concocted decades ago.

Now, the same people who caused the crisis, are applying the same or worst ideas to resolve it.

Karl Marx was wrong in predicting the demise of capitalism. History shows that misguided social engineering is the historical failure. Unfortunately the average person believes the glamorised headlines and elects people peddling populist ideas.

And we are witnessing the results of this type thinking.

More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977