Friday, October 03, 2008

Ideological implication of US financial bailout

No one knows if the massive bailout programme in the United States will effectively work as intended even if it is finally approved by the House of Representatives, but what is almost certain at this point is that if the Keynesian bailout is passed and implemented, ideologues of laissez faire capitalism will have to lay low for, at least, the next 20 years until the memory dies off for them to regain respectability.

Financial crisis in USA not 'divine retribution'


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