Who has spoken for free enterprise? 8

Which important politician said this?  If you don’t know, take a guess.

Excessive intervention in economic activity and blind faith in the state’s omnipotence is another possible mistake. True, the state’s increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent. The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation. In the 20th century, the Soviet Union made the state’s role absolute. In the long run, this made the Soviet economy totally uncompetitive. … [We should not] turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.

Correct answer tomorrow.


Posted under Capitalism, Commentary, Economics by Jillian Becker on Tuesday, April 10, 2012

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This post has 8 comments.

  • Damon Minvielle

    How un-Lenin-like ! Was he just blowing smoke (likely) or did he really mean it ? If he did, then all I can say is, Ich bin ein Putiner !

    • George

      Putin , former hgh-ranking KGB agent ( if not still so ).   Amazing !

    • Matt Bargas

      Very un-Lenin-like indeed. Are you the same Damon who was at UNO in the 70’s?

  • George

    The answer is Vladimir Putin in a speech at the World Economic Forum in Davos , Switzerland .   Putin had warned the US not to fall into socialism and it indicates that Putin knows more about economics than  that wacko Obama.  Go figure !  

    • Liz

      If that’s who it was then how pathetic! – a Russian dictator has a better appreciation of capitalism than our own president.  We’ve really reached the bottom of the barrel now, if it has come to that.

      • Frank

        You’re wrong Liz. The bottom of the barrel would be a big step up.

        • Liz

          Your right – and that’s what we will be doing for a long time, (if we’re lucky!) – digging our way out of a hole so we can THEN climb up from the bottom of a barrel so we can THEN actually start making progress. 

        • George

          Ha ha ,  that’s hilarious .     Frank , you and Liz are making me laugh my a** off     !!!!!!!!!!      I love it !