divendres, de novembre 14, 2008

Ell encara hi és i també hi seran
Aquests dies no es reformularà el capitalisme. El capitalisme ja ha estat formul·lat i és el que hi haurà durant molts anys. Tindrem petits ajustos, però poca cosa més. I és el que tothom espera. Ahir el missatge del President Bush reafirmant els principis del model nordamericà; recordant on han estat sempre i on estaran va ser una injecció de confiança als mercats del país. És prou positiu que un president doni suport a Wall Street quan ho necesita amb el seu pla (sempre és millorable, com tot) o bé doni un missatge de reforçament del sistema capitalista i la continuació i reforç del lliure comerç. Aquesta cimera estarà marcada per les polítiques de Bush. En Bush encara hi és i els nordamericans, per sort, també hi seran. God bless them


Recomano la lectura del seu discurs. Hi ha molts punts interessants a recordar i a tenir presents. Poso els més importants dels més importants.
  • Over the past decade, the world experienced a period of strong economic growth. Nations accumulated huge amounts of savings, and looked for safe places to invest them. Because of our attractive political, legal, and entrepreneurial climates, the United States and other developed nations received a large share of that money.

  • One vital principle of reform is that our nations must make our financial markets more transparent. For example, we should consider improving accounting rules for securities, so that investors around the world can understand the true value of the assets they purchase.

  • History has shown that the greater threat to economic prosperity is not too little government involvement in the market, it is too much government involvement in the market. (Applause.) We saw this in the case of Fannie Mae and Freddie Mac. Because these firms were chartered by the United States Congress, many believed they were backed by the full faith and credit of the United States government. Investors put huge amounts of money into Fannie and Freddie, which they used to build up irresponsibly large portfolios of mortgage-backed securities. And when the housing market declined, these securities, of course, plummeted in value. It took a taxpayer-funded rescue to keep Fannie and Freddie from collapsing in a way that would have devastated the global financial system. And there is a clear lesson: Our aim should not be more government -- it should be smarter government.

  • Free market capitalism is far more than economic theory. It is the engine of social mobility -- the highway to the American Dream. It's what makes it possible for a husband and wife to start their own business, or a new immigrant to open a restaurant, or a single mom to go back to college and to build a better career. It is what allowed entrepreneurs in Silicon Valley to change the way the world sells products and searches for information. It's what transformed America from a rugged frontier to the greatest economic power in history -- a nation that gave the world the steamboat and the airplane, the computer and the CAT scan, the Internet and the iPod.

  • Meanwhile, nations that have pursued other models have experienced devastating results. Soviet communism starved millions, bankrupted an empire, and collapsed as decisively as the Berlin Wall. Cuba, once known for its vast fields of cane, is now forced to ration sugar. And while Iran sits atop giant oil reserves, its people cannot put enough gasoline in its -- in their cars.
    The record is unmistakable: If you seek economic growth, if you seek opportunity, if you seek social justice and human dignity, the free market system is the way to go. (Applause.) And it would be a terrible mistake to allow a few months of crisis to undermine 60 years of success.