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Putin Warns US About Socialism

Vladamir Putin

Russian Prime Minister Vladamir Putin has said the US should take a lesson from the pages of Russian history and not exercise “excessive intervention in economic activity and blind faith in the state’s omnipotence”.

“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.”

Sounding more like Barry Goldwater than the former head of the KGB, Putin said, “Nor should we 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.”

Putin also cautioned the US against using military Keynesianism to lift its economy out of recession, saying, “in the longer run, militarization won’t solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them.” Putin’s comments come in sharp contrast to Russia’s own military buildup and expansion.

Putin also echoed the words of conservative maverick Ron Paul when he said, “we must assess the real situation and write off all hopeless debts and ‘bad’ assets. True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalization, bonuses, or reputation. However, we would ‘conserve’ and prolong the crisis, unless we clean up our balance sheets.”

“The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.”

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Posted in Economics, The New Cold War.

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155 Responses

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  1. Been There Done That says

    I agree with Putin that there is such a thing as personal responsibility (isn't that part of capitalism which most Americans stand for)? And thus, government should not use tax-dollars to bail any one industry out of debt. People losing their homes because they can't afford it? Then let them learn to live within their means, instead of greed.

  2. Justin Jefferson says

    Well now I've seen it all – America, wake up!

  3. eric says

    Russia is more competitive than the former USSR simply because they are free and the USSR collapsed. geeze where you been living? under a rock? an example folks of why we need to get rid of publik ejucashun!!!!

  4. Brian says

    Putin for President of the United States

    Putin for President of the United States

    Putin for President of the United States

  5. David says

    Russia $70 billion in spending for $70 billion in military hardware

    America $700 billion spending for $70 billion in military hardware

  6. Jeff Smithpeters says

    Putin also says later in the same speech:

    "Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending."

    Sounds identical to Obama here doesn't he? Isn't Obama cutting taxes for those making under $250k a year? Isn't Obama "optimizing" state spending?

  7. Doubleyou Cageaims says

    Putin sounds like Larouche.

    we must assess the real situation and write off all hopeless debts and ‘bad’ assets

  8. Christopher says

    he may have a good point in a context, but don't think putin of russia is out to help the US in any way.

  9. Dave says

    the republicans of the past decade are just as guilty. This is not a “left vs. right” issue. It’s the people vs. the governement

  10. F all governments says

    http://patriotsquestion911.com

  11. James Norwood says

    A strange irony in history is not only how it repeats itself, but how villains and heroes change role. USA was once the bastion of the free market and today would make any Soviet Communist blush. While the free market and a small flat-tax allow Russia to flourish. Yesterday’s Germany featured a state specifically for “the Chosen” while today’s “Master Race” purge the Palestinian subhumans from the homeland of the new “Chosen”, Israel. The world never changes, only the roles switch…

  12. MG says

    Abolish Federal Reserve

  13. LC says

    yes. Isn’t that what the people in power hope we do? Get on with our lives and forget all this nonsense! Meanwhile your rights are being taking away from you while you sleep away into Nirvana! Or maybe you are a turtle who hides in the shell all day hoping it will all go away! Meanwhile the economy is collapsing jobs are still in jepordy (don’t you see how this connects?) how else can you control the people except by making them completely dependent on (in this case) the government? Read your history books and I don’t mean the ones with the cartoon figures in them! This is exactly what happened when Hitler came to power. The people had no jobs the economy was bad and people needed a Savior. What they got instead was empty promises and a Holocaust! Next they’ll be sending us all to concentration camps and cooking us in their big ovens! I don’t recommend the showers either. I’ve heard their a gas! Anyway you wanna keep sticking your head in the sand go ahead if it brings you comfort, fact is the times they are a changing and I don’t like what I see on the horizon.

  14. Minneapolis Electrician says

    I looked over a few of one’s other posts and wanted to say thank you.

1 2

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  47. brianglass linked to this post on February 20, 2009

    A man who’s been there warns us about where we’re going… http://tinyurl.com/c6uflx

  48. Rory Danger Hodgson linked to this post on February 20, 2009

    http://tinyurl.com/c6uflx In other news, Hell froze over today.

  49. Joshua Clinard linked to this post on February 20, 2009

    Vladamir Putin warns the US that we should not embrace socialism. Wow. The first smart thing he has said. http://is.gd/jdnU #tcot #cpac09

  50. ianfranklin linked to this post on February 20, 2009

    I think we should listen to Russia http://tinyurl.com/c6uflx

  51. Amanda Read linked to this post on February 20, 2009

    Putin Warns Obama About Socialism: http://tinyurl.com/c6uflx
    See? I’m telling you, it’s never worked! Even Russia knows it!

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  53. Massimiliano Trovato linked to this post on February 22, 2009

    RT @benparizek: Putin Warns US About Socialism, “In the long run, this made the Soviet economy totally uncompetitive.” http://bit.ly/arwTT

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  74. Mavis Calderon linked to this post on November 16, 2009

    Putin Warns US About Socialsm http://tinyurl.com/ykkcmlc

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  76. DBM linked to this post on April 8, 2010

    RT @PacesetEclectic: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  77. Pauline Marshall linked to this post on April 8, 2010

    RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot #teaparty #tlot #sgp #ucot

  78. kashmir31 linked to this post on April 8, 2010

    RT @Paceset9999: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  79. Joseph A. Gallant linked to this post on April 8, 2010

    RT @DBM69: RT @PacesetEclectic: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  80. Joe Mercurio linked to this post on April 8, 2010

    RT @DBM69: RT @PacesetEclectic: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  81. LIGHTFALLONME linked to this post on April 8, 2010

    RT @PacesetEclectic: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  82. S Michael Bain linked to this post on April 8, 2010

    RT @nomorechange: RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot // Putin Palin 2012

  83. John Snowden linked to this post on April 8, 2010

    RT @DinaFraioli: When Russia starts giving you advice about socialism RT @me_wood: Putin Warns US About Socialism: http://ow.ly/1w3Sa #tcot

  84. REDPILLVIDEOZ.COM linked to this post on June 14, 2010

    Putin Warns US About Socialsm: http://bit.ly/awLfuc

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    RT @TopsyRT: Putin Warns US About Socialism http://bit.ly/Bx8s3

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  89. Obama Tells Russian Leader… …“US Constitution Dead” “Do you want to know who you are? Don’t ask. Act! Action will delineate and define you.” | Charlenecleoeiben54123's Blog linked to this post on March 31, 2014

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