Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Wednesday, January 20, 2010

Huxley on America

"Huxley had visited America during the Roaring 20’s and his experience provided the character for the novel. He was outraged by America’s out of control materialistic egocentric society. He witnessed youthful superficiality, commercialization, sexual promiscuity, and a self centered culture."
James Quinn

Tuesday, December 22, 2009

The Role of Republicats

"But before you get overly excited about the prospects of a political solution, don’t forget the role the Republicrats have played in bringing the nation to this sorry state over the past several decades. If you’re holding out for an outbreak of capitalism or other signs of fiscal sanity once Republicans regain some modicum of political power, you are delusional. They may package their programs in different-colored paper, but when you rip away the wrappings, you’ll find the same statism and the same promises of a chicken in every pot. Look after yourself – no one else is going to do it for you."
David Galland

Wednesday, November 25, 2009

Working It Through

"It's a total and complete disaster and the crisis we had is just the appetizer to the big total breakdown of financial markets and of governments in five or 10 years time when the whole system goes bust. The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society. Unless the system is cleaned out of losses, the way communism collapsed, capitalism will collapse. The best way to deal with any economic problem is to let the market work it through."
Marc Faber

Thursday, October 15, 2009

The Consequences of Our Current Monetary Policy

"Now, you may think that I have become insane. That is partially true because I am convinced that the US Fed's monetary policies will lead to exponentially widening wealth inequity and impoverish the majority of US households, which will then lead to social strife, protectionism, war, and the breakdown of the capitalistic system."
Marc Faber