Thursday, September 25, 2008

Socialist roaders!

Mao Zedong had an idea where the capitalist roaders in the Party would bring Chinese society. But in the end, Mao couldn't prevent the trip down the capitalist road. So we had the Bird's Nest stadium and now have the melamine in the baby formula scandal!

The phrase was coined just before the Cultural Revolution and has been a staple in Mao Zedong thought.

But US treasury secretary Hank Paulson and Federal Reserve chief, Ben Bernanke have been labelled as "socialists" by the American intellectual establishment. If they convince Congress about the necessity of their 700 billion dollar bailout of sinking banks, then the US government would have nationalized a big chunk of the US financial system.

But what scares the American public and their senators is neither Paulson and Bernanke can't say where all this would lead to! President George W Bush has gone public almost pleading to pass the bailout plan.

The plan can be called the Paulson-Bernanke Thought.

Thus the US has taken the socialist road. The socialist roaders however have no idea where the road leads to.

No comments: