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Title: Revenge of the Left across the world Post by: WhiskeyGirl on November 03, 2008, 09:36:28 PM Revenge of the Left across the world
Quote In any case the damage caused as credit retrenchment squeezes real industry is likely to be so great that Barack Obama may have to pursue unthinkable policies, just as Franklin Roosevelt had to ditch campaign orthodoxies and go truly radical after his landslide victory in 1932. Indeed, Mr Obama – if he wins – may have to start by nationalizing the US car industry. k. Quote "This is the dramatic equivalent of the collapse of the Soviet Union: we now know that an era has ended," said Mr Hobsbawm, still lucid at 91. "It is certainly greatest crisis of capitalism since the 1930s. As Marx and Schumpeter foresaw, globalization not only destroys heritage, but is incredibly unstable. It operates through a series of crises. Global carpetbaggers? http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3366575/Revenge-of-the-Left-across-the-world.html (http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3366575/Revenge-of-the-Left-across-the-world.html) |