“There is no well-developed economic theory inside the corridors of power that will explain to the administrators of a failed system what they should do after the system collapses. This was true in the Eastern bloc in 1991. There was no plan of action, no program of institutional reform. This is true in banking, politics, and every aspect of the welfare-warfare state. The people at the top are going to be presiding over a complete disaster, and they will not be able to admit to themselves or anybody else that their system is what produced the disaster. So, they will not make fundamental changes.”
http://www.garynorth.com/public/9974.cfm
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bill Bonner: Middle Class? What Middle Class?
Deadly ‘swatting’ hoaxes and the dangerous conditioning of cops
I, Thanksgiving Dinner
Australia’s Carbon Tax: Lessons for the United States
The Luddites Among Us
Fraud: Medicare vs. Walmart
The Fed Doesn't Control as Much as You Think It Does
Can the Police Go to the Front Door of a Home With “No Trespassing” Signs?
Obama Wins A Second Term: Now What?
Gangs Remain Key Unaddressed Problem in Gun Debate
Class War in the Time of Robin Hood
Robert Wenzel: An Examination of Key Factors in the Collapse of the Soviet Union
Thoughts from the Frontline: The Age of Transformation
The Trick is to Suspend the Constitution Without Admitting It
What is an American? Forget the state and just be a child of the nation