There is a joke that has quietly circulated its way around--In 1949 it was only socialism that could save China, in 1989 only China could save socialism and in 2009 only China can save capitalism.
the U.S. wants to transform the Federal Reserve into what would be a "super regulator," comprehensively strengthening regulation towards the financial institutions. It is also planning to establish a new financial consumer safeguard endowed with authority that far supersedes that of the current regulatory system. This way of doing things is in conformity with the Marxist doctrine of the Communist Manifesto in which Marx foretold a capitalist financial crisis. The American Foreign Policy magazine offered a very Marxist "prescription" suggesting that the "whole financial sector be turned into a public utility" -- perhaps one could say, "centralization of credit in the hands of the State by means of a national bank with State capital and an exclusive monopoly." (Communist Manifesto)...
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