Living In A Communist Economy "If The U.S. Should Face Total Financial Collapse, There Will Be No Real Freedom Left Anywhere In The World"

Canada Free Press

By Alan Caruba (Bio and Archives) Sunday, July 21, 2013 

In the former Soviet Union, the joke was “They pretend to pay us and we pretend to work.” It took over four decades of the Cold War to finally put an end to the lie that Communism as an economic system works. After the Berlin Wall fell in 1989, the Soviet Union came to an end on December 25, 1991. By then Communism worldwide had killed hundreds of millions of people.

Now, it is true that America is not a Communist nation, but by doggedly pursuing the theories put forth by Karl Marx and Vladimir Lenin, as well as the historically failed theories of Keynes, a British economist who believed that the government must pump money into the economy to keep it afloat, Obama has been trying to turn our Capitalist economy into a Communist one,

Calling our economy “Communist” may seem unduly harsh, but under Obama and his predecessors, the government is in charge of the banking sector, the health and insurance industries, General Motors was nationalized, the government is deeply involved in mortgage lending and now controls student loans. Now stand back and ask if the government—the State—is not now more Communist than Capitalist?

Wedded to failed economic theories, Obama has utterly failed to turn around the economy after the 2008 financial crisis and ensuing recession.

Writing in the August 2012 edition of Forbes magazine, Louis Woodhill said, “If mismanaging an economic recovery were an Olympic event, President Obama would be standing on the middle platform right now, accept the gold medal. Deep recessions are supposed to be followed by strong recoveries, but, under Obama, the worst recession since the 1930s has been followed by the slowest economic recovery in the history of the republic. In a very real sense, there has been no recovery at all—things are still getting worse.”

Obama still has three and a half years to make things ever more worse than they are. A Marxist in every sense of the word, Obama is so wedded to his belief in “redistribution” of wealth, that he spent the first term blaming his failed economic policies in George W. Bush and blathering endlessly about “millionaires and billionaires.” If the government confiscated all their wealth, it would barely pay for its operation for a month, if that.

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Reposted with permission.