Re: Is the US now a dangerous place to invest?
in response to
by
posted on
May 08, 2009 12:58AM
We may not make much money, but we sure have a lot of fun!
aside from some highly visible companies, such as taxing the oil industry, i don't think us government interference will amount to much of a problem. there is some inevitable drift toward socialism, but the real power appears to be in new york, not washington, and the banks and corporate interests should keep president obama from doing anything truly irresponsible.
What about the shotgun marriage of BoA and Merrill? The heavy hand of The State was all over that deal, which sends a chilling message to foreign investors.
I think people in the US have less to fear from creeping socialism that from outright fascism. The cornerstone of fascism is the merging of corporate and state interests, and isn't that exactly what we're seeing today?
ebear