"Creeping socialism has steadily made American businesses less competitive and more dependent on government funds. Environmentalism is only the latest and most destructive incarnation of government initiatives that have on the one hand crippled businesses, and on the other hand transformed them into beggars looking for a government handout. Going green for businesses means added expenses on the one hand, and government subsidies on the other, turning a Green business into a post-capitalist socialist enterprise that is not competitive but exists on government subsidies. A model that will insure that American businesses follow European businesses into obsolescence."
Reduced to a nation of webpage authors, divorce lawyers, and starbucks employees.
posted on 06/22/2009 10:53:30 PM PDT
posted on 06/22/2009 11:06:01 PM PDT
If you have any monies left in your IRA or 401's and looking to recoup your losses from this financial melt-down, I suggest that you look at "emerging markets". Do some homework (p/e, debt load, wide moat, etc.) and also use your commonsense about where growth will occur in the future.
Here's a clue: BRIC (Brazil, Russia, India, China). United States companies will come back once the world-wide recession ends but they don't have the growth potential Brazil and India, and especially China have. The US is a matured economy. Opportunities are in the emerging markets.
posted on 06/22/2009 11:43:31 PM PDT
by A Navy Vet
(An Oath is Forever)
‘We dont have to work too hard to envision what Obamas Post-Capitalist America will look like...’
Just read Orwell, or an outline history of the Soviet Union.
posted on 06/23/2009 4:27:08 AM PDT
(2 Chronicles 7:14)
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