Friday, May 15, 2009

Socialism is the new Capitalism?

More to come on G.E., the dangers of the Smartgrid...but here is a quote from General Electrics CEO Jeffrey Inmelt:

In a letter this week, GE’S Immelt told shareholders that current events present an “opportunity of a lifetime,” because “capitalism will be ‘reset.’ ”

Immelt wrote: “The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.”

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