Is Communism Dead?

Today's Translation

Financial Meltdown in 6 lessons

At first glance today's WaPost's editorial Is Capitalism Dead? had me putting on my bomber jacket and heading for the door.  But wait -- the subhead is "The market that failed was not exactly free."  Whoa!  Let me read on.  Whoa!  Other editorial derivatives include ... “ .... the problem with the U.S. economy, more than lack of regulation, has been government's failure to control systemic risks that government itself helped to create. We are not witnessing a crisis of the free market but a crisis of distorted markets. .... We'll never know how this newly liberated financial sector might have performed on a playing field designed by Adam Smith. That's because government interventions of all kinds, from the defense budget to farm supports, shaped the business environment. No subsidy would prove more fateful than the massive federal commitment to residential real estate -- from the mortgage interest tax deduction to Fannie Mae and Freddie Mac to the Federal Reserve's low interest rates under Mr. Greenspan. ... racial politics by Democrats like Franks, Obama, Pelosi, and Dodd, and their lust for pocket money  ...  [whoops, that just came out of me. Sorry] ” That's a pretty damned good summation, coming from the COMINTERN as it does. For those of you in Rio Linda and Manhattan,  I've translated, distilled, and included above  the core principles  in an easy to read strip I call, "Liberals Are Greedy, Incompetent and Clueless MFCS."