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KDakotaFund (23.79)

Jim Rogers: America Bordering On Communism

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July 16, 2009 – Comments (5)

Investor extraordinaire Jim Rogers has harsh words for the government’s interventionist economic policy.

That policy, which he dates back to the Bush administration, verges on communism, he told Moneynews's Dan Mangru in an interview.

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5 Comments – Post Your Own

#1) On July 16, 2009 at 12:32 PM, KDakotaFund (23.79) wrote:

Rogers: America Bordering On Communism

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#2) On July 16, 2009 at 12:50 PM, beatnik11 (< 20) wrote:

I just love how Americans dont even know really what communism is.  They honestly think that the USA is going to be just like the stalinist state of their nightmares.  Some social programs, stimulus, and regulation does not a communist make.  Whether you like the direction of how things are going or how the government is spending money (I certainly have my doubts) It will be a cold day in hell when the USA and either of the major parties to actually become communist.  The propaganda from the cold war still haunts the USA to this day

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#3) On July 16, 2009 at 1:44 PM, russiangambit (29.45) wrote:

Stalinism and communism are two different things entirely. stalinism = dictatorship. There hasn't been and never be a communist country on this planet because comminism in its pure definition is very close to altruism, there is never going to be a country of altruists. China, Cuba and others are communist in name only. Essentialy, they are also dictatorships.

A dose of socialism , however, is necessary for any society to exist peacefully. But the right dose is very hard to figure out, just like for the FED it is close to impossible to figure out the right level of money supply, but they confidently continue trying.

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#4) On July 16, 2009 at 3:12 PM, ralphmachio (23.92) wrote:

Russian Gambit- Why can there never be a country of altruists?  

I understand why things don't work that way, but if we put the most altruistic people in positions of power, we could make it law.

As it stands the least altruistic people put soul-less puppets in power to represent their interests, and they somehow convince us we voted for these imbeciles.  For some of us, the whole charade is embarrassingly transparent.   

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#5) On July 16, 2009 at 3:35 PM, beatnik11 (< 20) wrote:

#4  Well the problem is that even when you try to put the most altruistic people in power, that power will corrupt them unless they really are near perfect, just about all will fall from grace.  Even Robespierre the so called "uncorruptible" himself became corrupted. 

 Also in real communism, you are pretty near a form of anarchy that is run on altruism, so there should be no position of power other than the masses of the community.  #3 is right, every "communist" state in the world is only so in name only just like DPRK is a democratic republic in name only, they are really just single party totalitarian dictatorships. 

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