Saturday, June 19, 2010

The Dear Leader Shrugs

Under the weight of liberal progressive communist rule, North Korea turns to bourgeois market capitalism for recovery.

Washington Post - N. Korea Lifts Restrictions on Private Markets as Last Resort in Food Crisis:

SEOUL -- Bowing to reality, the North Korean government has lifted all restrictions on private markets -- a last-resort option for a leadership desperate to prevent its people from starving.

In recent weeks, according to North Korea observers and defector groups with sources in the country, Kim Jong Il's government admitted its inability to solve the current food shortage and encouraged its people to rely on private markets for the purchase of goods. Though the policy reversal will not alter daily patterns -- North Koreans have depended on such markets for more than 15 years -- the latest order from Pyongyang abandons a key pillar of a central, planned economy.

In other words, big government wasn't up to the task. Will they someday say "It wasn't Communism that was flawed. It was our leaders."? Or will they admit that leftism was doomed to fail as it has everywhere it has been tried. (See USSR, California or Detroit).

We point to lessons in history to show the wrong path our nation has taken under the leadership of the Democrat Party (aka The Party). We can now point to current events. Will the liberal progressive communist-inspired losers listen now?

U/T: Moonbattery and Instapundit. Pic from OutsideTheBeltway.

UPDATE 9:20pm: Found at International Liberty blog via Instapundit:

The former communists running Russia apparently understand tax policy better than the buffoons in charge of U.S. tax policy. Not only does Russia have a 13 percent flat tax, but the government has just announced it will eliminate the capital gains tax...

As an American, I'm starting to feel the same feelings that the Google kids felt this week when Apple pre-sold 600,000 of its new iPhones on day one and had to stop the pre-orders.

Russia, for all its failures and flaws, is making a move in the global market. It's businesses and its taxpayers are gaining a serious competitive advantage over their counterparts in the US. Hmmf...

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