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Anti-capitalist voices

Andrei Postelnicu comments on statements by German President Horst Köhler, who a few days ago described the international finance industry as a "monster": "Even Silvio Berlusconi won his mandate as prime minister on the strength of his campaign message about how irksome capitalism is - the very same capitalism that has made him a rich man. And Nicolas Sarkozy is persevering in the Gallic tradition of 'remoralising' global capitalism. ... Without intending to write a treatise on the need to adjust to capitalism, these remarks are nonetheless surprising. With the exception of Germany, none of Europe's economic nations are in a position to offer their citizens anything more than stagnant living standards. So politicians are doing what they often do: blaming external factors for their own inability to introduce reform. ... In this context there is the danger that because of the anti-capitalist voices echoing across Europe, domestic politicians may once again slow down the process of reform, whether economic or judicial."

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