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European Leaders Want To Run Capitalism

From an approving Associated Press:

Sarkozy, Merkel, Blair call for new capitalism

By EMMA VANDORE, AP Business Writer

PARIS – The leaders of France and Germany appeared to put disagreements over economic policy behind them Thursday, calling on the U.S. to join global efforts to address the financial crisis.

French President Nicolas Sarkozy, leading a two-day conference with former British Prime Minister Tony Blair on the future of capitalism, said the crisis has shown that no country can go it alone on economic policy.

"In the 21st century, there it is no longer a single nation who can say what we should do or what we should think," he said.

German Chancellor Angela Merkel said the system "cannot continue as it is" and called for better-regulated financial markets.

European leaders will meet in Berlin before the G-20 summit in London to decide a common approach as global leaders gear up for a second meeting on the global financial crisis, Sarkozy said.

Measures will be taken at the G-20 meeting in London on April 2, Sarkozy promised, saying "we cannot accept the status quo."

He called for closer cooperation on economic policy, saying: "We should discuss how each of us is managing his currency, his interest rates." …

Merkel deplored huge debts that governments are accumulating to spend their way out of the present crisis. But she said she recognized, for the moment, that "there is no other possibility."

Leaders should look beyond financial markets, she said, singling out the American budget deficit and China’s current account surplus — or trade balance — as problems upsetting the global economy…

European governments have agreed to be flexible about budget rules that limit deficits to 3 percent of gross domestic product as recession bites…

Merkel said the International Monetary Fund has not managed to regulate global capitalism, and she called for the creation of an economy body at the United Nations, similar to the Security Council, to judge government policy.

Speaking at the conference, European Competition Commissioner Neelie Kroes said "global rules" on government aid to companies would be "helpful."

"A closer network of competition systems is slowly emerging after decades of work," she said.

Sarkozy blamed financial speculators for encouraging a system fueled on debt. He called financial capitalism based on speculation "an immoral system" that has "perverted the logic of capitalism."

"It’s a system where wealth goes to the wealthy, where work is devalued, where production is devalued, where entrepreneurial spirit is devalued," he said.

But no more: "In capitalism of the 21st century, there is room for the state," he said.

Blair called for a new financial order based on "values other than the maximum short-term profit."

They are calling for the government to control the financial market, which effectively means they will control the means of production. Much like China has today and what Hitler had in Nazi Germany.

This has been the dream of the Marxists all along.

Merkel said the International Monetary Fund has not managed to regulate global capitalism, and she called for the creation of an economy body at the United Nations, similar to the Security Council, to judge government policy

Who can doubt that this will solve everything?

This article was posted by Steve on Thursday, January 8th, 2009. Comments are currently closed.

13 Responses to “European Leaders Want To Run Capitalism”

  1. pdsand says:

    More claptrap about coming together in a spirit of cooperation, sitting down at the table and crafting a few sensible regulations that we all can live by. They just want to inject a little fairness and get rid of a little bit of ugly excess greed, other than that we’ll all be free to go about our business. *puke*

  2. JohnMG says:

    I would think the European leaders would be more concerned with running their furnaces rather than with wanting to run capitalism–an endeavor at which they are demonstrably poor. Better to let those fools deal with the financial crisis (and Russia) by whatever methods they deem fit, and leave the US out of it. Remember, we’re the ‘unilateralists’ who always screw things up for the rest of the world, Right?

    You guys got a problem paying for your natural gas? Can’t get loans? Stock market losing ground? Deal with it! We’ve got enough problems of our own without having to pull your fat out of the fire. Again!! Besides, you don’t like us much, anyway. What makes you think we can help? Or would, for that matter?

    • clifcrds says:

      What makes you think we can help? Or would, for that matter?

      Three words gives them that idea . . . “Hope and Change”

  3. proreason says:

    Barney Fife and Chris Dudd, unindicted co-conspirators and destroyers of the U.S. economy, should be perfect to run Europe’s “new capitalism”.

    But why bother calling it “new capitalism”. Everyone is indoctrinated throught the schools about Socialism. Just call it by it’s real name. They will get the same great benefits Lenin and Stalin got. And like Russia, the leaders will remain firmly at the top of the social and wealth pyramid…..the true goal of Socialislm anyway.

    And, fortunately, European populations are self-annialating, so leadership won’t need any gulags.

  4. bill says:

    Communism for all, the new prescription for spreading the misery, but this time equally.

    OK who thinks Obama will not go along with this crap.

    Who knew they voted for Communism as their hopenchange?

    Who knew the first two stimulus plans were not going to work?

    Who knows when the federal budget will be in balance?

    Questions, yes I have questions.

  5. Zeusshiloh says:

    I think the book of Revelation, in the Bible (along with Daniel and a few other books) talks about such a government.

    Of course, many Americans are ignorant of both our Constitution and the Bible, it does not surprise me much about anything that happens now.

  6. Nimblicity says:

    Where do we sign up to secede from this People’s World Republic of Gaia?

    “In the 21st century, there it is no longer a single nation who can say what we should do or what we should think,” he (Sarkozy) said.”

    Of course he’s right. That responsibility belongs solely to America’s Holey Trinity of Oprah, Obama, and PelOsi.

  7. wardmama4 says:

    You say New Capitalism, I say Socialism
    Let’s call the whole thing off.

    Either way – it’s We The People who will get scr*wed. It is always the ‘little’ person who gets it in the end – that is why America was created to be a becon of Freedom, Individual Responsibility, and Constitutional Rights – it’s too bad Mr. Hope And Change – i.e. The One ™ – is going to do his best to destroy all of those positive and great foundations of America.

    And of course the entitled masses cheated and stole their way to having a duplicitious, lying, thug, empty-suited, empty-headed, articulate (only on a telepromter with words written by someone else), inexperienced, muslim-raised, hatefilled preached to, anti-American communist friend influenced, from the most Thug/Criminal state government ever seen in America, vapid, arrogant, racist, race-baiting, hatefilled, smoking (and I say that in the most 2009 PC way – as I used to smoke and really think it is an individual choice), idiot as the POTUS.

    Too bad I know the end of the story and these losers – won’t win – the sad thing is the damage they will do until We The People start fighting back.

  8. MCHammer says:

    Capitalism depends on a Free Market Economy. It’s not capitalism when these wannable members of the Euro-Politburo decide how to run an economy.

  9. River says:

    Rejoice all people of faith! Your time has come. This is a certain sign of the End of Times: one-world government, currency, laws, and hero worship of a leader who promises a new era of peace, the Antichrist. There will be great misery of every kind, and a war to end all wars involving Israel. When it’s over, there will be genuine peace and joy.

    If we see Obama on the Temple Mount in Jerusalem promising peace and unity, we’ll know he is the Antichrist.

    The word ‘Apocalypse’ is Greek, meaning a ‘lifting of the veil’. Armageddon is a plain in Israel ‘Har Megiddo’ of the Old Testament.

    If Scripture is wrong, it will be all the worse for us. No good can ever come from human beings manipulating primal forces of nature, and every time it’s tried, it causes disaster. Markets, and human beings exercising their freedom to choose, are primal forces. They must be allowed freedom to act in accordance with nature. Recessions are as natural to economies as Fall and Winter are to the natural world. There are seasons for all things; a time to build up, and a time to bring down….

    This world will become an Orwellian slave state like the old Soviet Union if these morons have their way.

  10. Confucius says:

    Uh, no. Personal greed perverted capitalism, and government failed to stop it.

  11. GuppyNblue says:

    Sometimes conspiracy theories are put to rest the hard way – they come true. This has nothing to do with capitalism but they still use the word as a pacifier for the ignorant and gullible.

    If they were interested in stimulating the economies they would give financial breaks directly to the consumers (preferably tax cuts). But they don’t intend on rescuing economies that they’ve been trying to destroy. They choose a method that actually takes billions from those consumers and will cost them much of their purchasing power in the end. It’s the taking part that’s relevant.

    The world’s wealth is being centralized and governments will fallow. We will hand over more and more of our sovereignty to global bodies like the UN. This is global socialism and no one in our government is going to save us from taking part in it. (Why anyone would trust a damn thing our politicians say is just mind boggling).

    Someday we’ll remember how rare and precious our freedom was. For the average American today, it’s not even worth fighting for.

  12. Odie44 says:

    The current unemployment, inflation (stagflation combined), %of GDP to social programs and net job loss within Germany, France and England over the past 5 years is a snap shot of Euro socio-economic success.

    The artificially pumped Euro monetary rise both masked and contributed to these efforts.

    Ireland is the only Euro member to thrive for the past 15 years by embracing capitalism; namely asset-backed markets/off shore option, low corporate tax rate and rapid job creation and manufacturing production (pharma, tech, medical)

    Please stay on your side of the pond folks…

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