Stop, children, what's that sound? Everybody look what's going 'round..."
That sound you hear is the whispering winds of the Marxist dialectic as it blows through the ruins of Wall Street. Or not.
End of Economic Days Exuberance: Noun A state of being, typified by mass indulgence in the belief that this year, and no other year in the history of capital markets, is the year where everything collapses and capitalism is to blame for everything.
You can read more about the world leaders who are indulging and arguably leading this End of Economic Days Exuberance
It is of note that the Chinese Premier, Wen Jia-bao, states that America's poorly managed economic policy is to blame for world disorder.
China is most recently known for hosting the Olympics, which, according to Chinese leaders, ushered in a new world order of harmony and One-ness with the universe. If we are really living in a One World mentality, then America surely cannot be held to account exclusively. Let's not jump on this anti-capitalist saw horse just yet.
We know there is no "Developing World Decoupling" in this era of global finance and marketplaces. So, is it fair to pinpoint Laissez-faire economics for the crushing blows that have caused real economic pain around the world?
We are only beginning to just now see the destruction. Surely it will be revealed that other countries made not entirely capitalistic mistakes in running their economies and marketplaces.
How I do love the debate, though!
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