Russian Perspective on American Capitalism

The Russian president Dmitriy Medvedev called the current US president his "new comrade" during the April summit in London. I found that curious at that time.

And here's more Russian perspective. "American Capitalism Gone With a Whimper" by Stanislav Mishin, as appeared in Lewrockwell.com. The original article appeared in Pravda, the official organ of the Communist Party during the Soviet era.

Mr. Mishin writes,

"It must be said, that like the breaking of a great dam, the American descent into Marxism is happening with breathtaking speed, against the backdrop of a passive, hapless sheeple, excuse me dear reader, I meant people....

"True, the situation has been well prepared on and off for the past century, especially the past twenty years..."

But

"The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Weimar Republic and at worst Zimbabwe."

He then mentions the administration's "restructuring" of the auto industry:

"Then came Barack Obama's command that GM's (General Motors) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self-given power, to fire CEOs and we can assume other employees of private companies, at will."

And

"...Prime Minister Putin, less then two months ago, warned Obama and UK's Blair [I think he meant Brown], not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western-sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.

"Again, the American public has taken this with barely a whimper...but a "freeman" whimper."

As you can see, Mr. Mishin is understandably bitter. But he is also appalled at ease with which Americans seem to have accepted the new (for him it's old and tired and failed) way of their political, financial, and economic life.

He then suggests Russian companies to flee the land of the Red (USA):

"The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.

"The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker."

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