The capitalists nationalize while the communists fix global markets

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I am following the Asia/Europe meeting with great interest. This is what the UK Foreign Secretary David Miliband had to say:

‘I don’t think it’s just the fact that we are meeting in The Great Hall of the People and we listened to the general secretary of the Chinese Communist Party talking about the need to prop up global capital markets that brings home to one that there is this big shift in economic power.”

Brutal paradoxes these days. While the Bush administration nationalizes banks, the “communists” lead the way to save global financial markets.

I end this commentary with one of the most depressing posts about the state of the union I read in a long time.

• capitalism communism china usa europe