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The 'Third Way' Bubbles Are Bursting
Real Clear Markets / ^ | October 14, 2011 | Robert Tracinski

Posted on 10/15/2011 4:10:07 PM PDT by jobim

When the financial crisis hit three years ago, many gleeful leftists assumed that the long-anticipated failure of the free-market system had finally come and that this crisis would do for capitalism what the fall of the Berlin Wall did for communism. In fact, it is not capitalism that is failing.

We are beginning to see this in Europe, where the debt crisis is a crisis of the welfare state. I think we are also about to see it, possibly in a more spectacular way, in another leading example of a capitalism-socialism hybrid: the so-called "state capitalism" of China.

As the global recession began, the government of China chose to weather the economic storm by followed the same rotten advice we were getting back here: the Keynesian idea of "stimulating" the economy with borrowed government money. They just took that idea more seriously.

(Excerpt) Read more at ...

TOPICS: Business/Economy
KEYWORDS: crisis; global; keynes
Tracinski sketches out here succinctly the insidious effects of socialism when incorporated into capitalism. Our unravelling world illustrates this poisonous "Third Way" from London to Berlin to New York to Beijing.
1 posted on 10/15/2011 4:10:09 PM PDT by jobim
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To: jobim

Bump for Morning Coffee. Thanks! :)

2 posted on 10/15/2011 4:18:12 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: jobim

IMHO, one of the main objectives of the “Occupations” is to provide an alternative explanation for the collapse of the economies in debt-ridden “Third Way” socialist states. Don’t blame spendthrift, regulation-happy governments — blame the fat-cats. It’s also a way of energizing Obama’s base.

3 posted on 10/15/2011 4:20:40 PM PDT by USFRIENDINVICTORIA
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To: jobim

The Capitalists are beating the Socialists like baby seals. Socialism ALWAYS FAILS, ALWAYS. Useful idiots.

4 posted on 10/15/2011 4:25:52 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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Great. A gigantic blame game with the stakes being the future of the world. Pass the tequila...

5 posted on 10/15/2011 4:26:08 PM PDT by ez ("Abashed the Devil stood and felt how awful goodness is." - Milton, "Paradise Lost")
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Are You A Whining FReeper?

Got A Gripe So You Won't Donate?

Click The Pic

Isn't That Like Setting Fire To Your Own Home?

When FR Is Gone, Where Will You Go Then?

6 posted on 10/15/2011 6:31:17 PM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: jobim
Is not the term Third Way just a fancy phrase to describe Fascism ? So what we are really seeing is the collapse of the fascist bubbles that formed when the leviathan of socialism partly collapsed. Whatever form it takes, statist control always results in collapse. Always has. Always will.
7 posted on 10/15/2011 7:11:34 PM PDT by justa-hairyape
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To: justa-hairyape

Quite right. And yes, they always collapse. But that brings no solace, because a Constitutional Republic such as ours is history’s rarest creation, and when it falls, it may never arise, whereas the zombie fascist entities always arise anew.

8 posted on 10/15/2011 8:06:20 PM PDT by jobim
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To: ez

>>Pass the tequila...

"Wall Street got drunk"



The American Reformation begins by accepting responsibility. 

Which candidate has the character and integrity to do so?

None so far evidently... so still looking.



9 posted on 10/15/2011 8:16:14 PM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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