Putin warns the west about government intervention in economy

This is just too good. And it tells you something about how far down the socialist path we really are heading when a former communist scolds your leaders for giving too much thought to state intervention in the economy.

But it happened.

The Russian prime minister, Vladimir Putin, tonight warned against relying too heavily on state intervention and protectionism to navigate the "perfect storm" of the world's first truly global economic crisis. ...

He admitted he had no answer to the current financial woes but called for a future economy to be based on "real values" and not "borrowed prosperity". ...

The prime minister of the former communist country cautioned against too heavy-handed a state intervention. "Even with such drastic circumstances we should avoid things we will later be sorry about. We cannot afford to be isolationist. We must act with a good measure of responsibility," he said.

"[During communist times] we had an unfounded belief in the power of the state. Temptation to over-manage the economy resulted in the absence of competitiveness of the Russian economy, which no-one would want to repeat.

"A future economy should be one of real value. I do not have an answer of how to get there but we should think together. We can build a more just and efficient global economic architecture."

Again, it's just too good. A former communist lecturing us (and our Democrat leaders) about the too much debt-spending and government intervention in the economy.

The only problem is, as others have observed, about the only people that still believe in socialism are either on university campuses or in the Democrat party. And those people are currently running the show.

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