I don’t have a lot of time for a certain George W. Bush and I’m sure I’m not the only one who suspects that he actually hasn’t got a clue what is going on in the financial markets. Everything he says sounds like it is being fed to him by someone who knows the headlines, but that’s all it is.
However, something he said last night has caught my eye on the Beeb. This is in the context of a meeting held with President Sarkozy of France and Jose-Manuel Baroso, head honcho of the EU, in which they announced that they will be having more meetings about the global financial crisis. First of all, Sarkozy said:
“….[the world could not] continue to run the economy of the 21st Century with instruments of the economy of the 20th Century.”
Following on, this is what caught my eye from Bush:
“It is essential that we preserve the foundations of democratic capitalism – a commitment to free markets, free enterprise and free trade.”
Consider this – if we substitute the word “fair” for the word “free”, it begins to sound like a commitment to sociacapitalism: fair markets, fair enterprise and fair trade.
