United Liberty
Depression
Economic Depressions Don’t Exist Under Totalitarian Systems
Tue, 04/07/2009 - 6:27am | posted by Alina Stefanescu Coryell
So contends Lev Nazrozov. He writes:
Out-of-control predatory capitalists have perpetrated a worldwide economic depression. Capitalism’s degenerate character is now extraordinarily visible during this time of multiple crises.
On each side of the page there is a picture of a miserable emaciated proletarian who carries on his back a huge pack of money, with a bourgeois seated atop of the pack and smoking a cigar.
By simply allowing the government to dominate every sector of the polity, by embracing totalitarianism, we might be able to avoid the woes of economic recession? Historical study makes such a conclusion seem ridiculous. While totalitarian economies did not suffer from “depressions”, per se, one could argue that consumers and citizens lived under a system which continuously mimicked the effects of depression.
A Picture Is Worth A Thousand Words (or 5,700 pts)
Thu, 10/09/2008 - 6:12pm | posted by Austin Wilkes
Dow Jones Industrial Average — October 9th, 2007 - 14,279
Dow Jones Industrial Average — October 9th, 2008 - 8,579
No more proof is needed that the current intervention is only making matters worse. Bush, Clinton, Greenspan, Bernanke, and the Congress have destroyed the American economy. God help those who were going to rely on their stock portfolio for general living expenses in the near future.
Ron Paul Questions Bernanke on Federal Reserve Power & A New Depression
Wed, 02/11/2009 - 4:22pm | posted by Martin Avila
Bailout Buddy Cramer Discusses Economy With Colbert/Today
Tue, 10/07/2008 - 6:23pm | posted by United Liberty Staff
Jim Cramer - one of the bailout’s biggest proponents in the media tells the Daily Show and Today Show that the situation is so bad people should pull everything out of the market.
