Thursday, 26 June 2008

Shifting Sands

The Qatari takeover of ten per cent of Barclays Bank is no surprise.

The Gulf monarchies are busily buying up the West, with the Saudis already owning eleven per cent of the US economy, the UAE gobbling up the ports there, the former's financial dependent coming to the end of his second term as President, and a financial dependent of both (and of Kuwait) coming within inches of the Democratic nomination in this Democratic year. Thank God for Barack Obama. And so much for fighting to prevent an Islamic conquest.

"But that's the free market, isn't it?"

So it is.

So away with the "free" market.

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