Communism in the USA

As the EU spirals down the economic toilet, with Britain hanging on to the edge of the bowl like the lonely - but wise - old turd that it is, increasing attention is being paid to the sound financial policies of the United States of America. They pulled themselves back from the lip, though they may still be lingering uneasily on the seat (all right, enough of the toilet metaphor).

How did they do it? The state spent money to prop up the economy in general, and financial institutions in particular. This is what used to be called 'Keynesianism', which was supposedly tossed ... well, somewhere ... as part of the neoliberal revolution. Let the markets decide has been the mantra, and continues to be in Europe, despite all of the evidence that markets can be very, very stupid.

But that Che-t-shirt-wearing anarchick George W. Bush knew better, or at least some of his advisers did. They spent money like they were able to print it themselves! And Barack Obama, who had actually _worked_  in the factory that made that T-shirt, in a former life, was happy to continue with the same policy.

Result? Anarchy not only in the UK, but all of Europe. And in the USA? Good old communism. Chavez and Morales beware, the United Statesians may soon be coming back to 'help' you 'develop', as they will surely become the global masters of 21st century socialism (TM).