You have to watch this speech by Vladimir Putin at Davos recently, it was the introduction, and he totally rips into the assembled group for their grotesquely irresponsible financial mismanagement, pointing out such gems as: the losses from the biggest financial entities now total more than their profits for the last 25 years.

But watch it yourself, and ask yourself, ok, why don’t I hear our politicians talking like this? (Youtube page, or, read a WSJ transcript)

Also, make sure to watch the latest interview with Dmitri Orlov, who seems to be getting a bit more serious as things get… well, a bit more serious. That’s an unusually intelligent interviewer asking reasonable questions, not at all your typical talking head. Word is definitely getting out.

I think there is something seriously wrong in Oz just about now, and it’s not looking like it’s getting better, and it won’t get better until the banking lobbies are stripped of their powers. I mean, let’s get real, they have no power beyond the tax payer funded support and bailouts, so let’s stop pretending, the game is over, and there isn’t an extra chair for them to sit down at.

The age of entitlement needs to come to an end, it was fun, now it’s time to get to work again.

This entry was posted on Sunday, March 8th, 2009 at 19:35 and is filed under Our World. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.