Populism popular at the World Economic Forum in Davos – Washington Post

The “free market” has lost its’ shine for most world governments if the present economic summit in Davros, Switzerland is any indication.  Veterans and all other citizens in the U.S. can expect to see highly regulated economies put back in place around the world if the present paradigm taking shape among economists meeting in Davros holds.

What this means is more socialized economies in countries with which we trade.  And what that means is that eventually, socialism is back in a big way around the world as a political system among our global trading partners.  It may not be like the old socialism, but the days when “free market” thinking had free sway among world leaders are over.

Great!  And we fought the entire Cold War to keep socialism and its dark cousin Marxist-Leninist Communism, at bay.

The free market had its chance.  Western greed, and most specifically American greed and bankster amoral attacks on common sense economics is mostly to blame.

We sold worthless derivatives, which are a sort of chopped up mortgage entity in phony financing through almost fake bonds all around the world.  No one could determine the value of these more-or-less phony instruments and eventually the world investors called in their markers. 

In short, we got caught with our hands in the cookie jar and with our pants down and more or less backing our investments with what was essentially the modern day cousin to Confederate money.  A worse case of lying, cheating, money grubbing and just downright fakery would be hard to imagine on the world economic scene. 

Essentially we tried to flim-flam the world into keeping us afloat and the banksters created more or less worthless financial instruments to do just that. Now the global economy is going to make us pay.

The story is in the Washington Post today and it is entitled Populism popular at the World Economic Forum in Davos .  What could this mean?

Well, mostly it means the “free market” is seen for what it actually is, a crapshoot.

There are no guarantees in free market capitalism, none.  And to pretend that this or that investment is “safe” is only to talk in terms of degree.  To put this bluntly, the world is no longer prepared to take the chance with their nations’  private and public monies that our banksters were enticing them to take in the past twenty years or so. 

Whether our worship of the free market system is brilliant or idiotic is up for debate, but the meetings at Davros right now clearly indicate that the rest of the world does not share the enthusiasm for free market economics that Britain and the U.S. historically have advocated for the globe.

The economic meltdown of the Fall of 2008 is now the impetus for the world more or less looking upon us as worldwide dealers in fool’s gold.

We had our chance to bring the world to the altar of Mamon and entice everyone else to worship money in the insane way that we do.  We have lost most of our converts now.  We are simply going to need to find a way to live with our mistakes brought onto the world scene by our much too confident belief in the power of “free markets”. 

They are “free” in the sense that they do exactly what they want, whenever they want, however they want when they are not reasonably regulated and those regulations strictly enforced.  But in essence that is not freedom, that is anarchy. 

We are now going to see the bitter fruits of that anarchy turn against us economically and perhaps even politically.

In another article on the same subject in todays Washington Post entitled At Davos, the globalizers are gone we get a more in-depth insight into the bloodletting.  This is not good.

And from the Daily Finance blog we read that like it or not, fairly severe government regulation of the financial transactions of the world’s elites is coming, ready or not. The article is entitled In Davos, regulators tell bankers new rules coming .

How do we live with this now?

Well, ready or not, we are about to find out.

CWO3 Tom Barnes, USCG (Ret.)