Wednesday, February 10, 2010

Czech view of market socialism... the main obstacle to progress

On types of economic management:
"The third way is the fastest way to the Third World. We are not interested in the market socialism dreams of the leftist liberal economists on the east coast of the United States. Right now, the main obstacle to our development is ideological infiltration from the West."
- Vaclav Klaus, Finance Minister, Czechoslovakia, 1989

The third way refers to the mix of free market capitalism and socialism. Popularised by Tony Blair in with his famous 'third way' speech references.

No comments:

Post a Comment