Economic Crisis Like Nazi Germany

On December 21, 2008, in doomed, by admin

The Archbishop of Canterbury, Dr. Rowan Williams, says that Britain’s response to the economic crisis is like what happened in Nazi Germany:

In his article he [Archbishop] warns of the dangers of “unconditional loyalty to a system” that turned into a “nightmare” in Germany under Hitler, in which only certain groups and ideas were valued, while others were deemed dispensable and suffering was ignored.

The “unconditional loyalty” Dr. Williams refers to is the government’s plan to bailout out the financial system while ignoring the plight of the weakest in society:

But unemployment is predicted to top 2 million by the New Year as high street names such as Woolworths and MFI go under. Thousands have fallen into negative equity as the property market has fallen by 15 per cent. Millions of prudent savers are also suffering as interest rates have been cut to 2 per cent.

Does this sound familiar?  This is exactly what is happening in the U.S.  Spending tons of money on the financial institutions and ignoring the horrible plight of ordinary Americans.

Dr. Williams goes on to conclude (bold is mine):

But after the collapse of banks around the world in September, Dr Williams called for governments to increase regulation of the financial sector and claimed Karl Marx had been right in his analysis of the dangers of capitalism.

That’s right.  CAPITALISM doesn’t work.  It fucks over most of the people and is now fucking over the world as well.

America is doomed.

 

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