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Russia, China Blame Woes on Capitalism

01.29.2009

WiseOne

Political Forum Owner

Join Date: Sep 2007

Location: Big Sandy, TN

Posts: 1,155

Last Seen: 03.29.2010

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Russia, China Blame Woes on Capitalism

Quote:

The premiers of Russia and China slammed the U.S. economic system in speeches Wednesday, holding it responsible for the global economic crisis. Both focused on the role of the U.S. dollar, with China's Premier Wen Jiabao calling for better regulation of major reserve currencies and Russia's Prime Minister Vladimir Putin calling over-reliance on the dollar "dangerous."

Read More Here >> The Wall Street Journal

WiseOne's Comments, I could see China saying this, but Russia? I mean they are basically bankrupt right now! Now, I give China credit on their system. America HAS to get away from the "consumer economic model" to be sure. Something has to give and I don't have the answers and I don't think anyone does...

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capitalism, china, economic crisis, economics, russia

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