Wednesday, October 15, 2008

Global crisis 'failure of extreme capitalism': Australian PM

extreme capitalism," Australian Prime Minister Kevin Rudd said Wednesday as he took aim at bulging executive pay packets.The centre-left Labor Party leader named greed and fear as the "twin evils" at the root of the financial sector collapse, which began in the United States and swept the world."What we have seen is the comprehensive failure of extreme capitalism -- extreme capitalism which now turns to government to prevent systemic failure,"
Global crisis 'failure of extreme capitalism': Australian PM
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