Afraid to say out loud...

The current economic crisis because of credit markets freeze and housing downturn has helped me see some big picture here. Here with I have compiled some facts- these are stuff which everyone knows are true but afraid to say out loud or admit publicly ...

1. Capitalism can be made to look as bad as socialism if "worked" properly (read subprime, extreme deregulation etc).
2. Regulation or Government control is not always bad as capitalistic propaganda poses it to be.
3. Whatever creative euphemism you may come up with, interference of Fed Reserve in today's financial crisis and its bailout of institutions (read 700B $) is government interference - is socialistic.
4. No matter what, every system being put in place gives rise to an (un)imaginative evil-twin which can screw up that very system - be it trade unions (in communism) or wall-street-hawks (in capitalism).
5. People who accept the capitalistic propaganda (free market, deregulation etc etc) are none the wiser (or in other ways, equally naive ) compared to people who accepted communist propaganda. The only difference lies in who gets to milk the system and how long it takes before the crowd wakes up to it.

Now the most important ones - the fundamentals.

• Any form of economy ever put in place is conceived or will be conceived essentially by a human brain(s) and by law of nature, another human brain, either now or later, can hack it to its advantage.
• With the above said vulnerability, the life time of any flavor of economy is only as long as the components of the same (people, nations, banks etc) RESPECT and FOLLOW the norms of it, not in letters but in SPIRIT.
• A fail-safe economy can be put in place only by a creature superior to human beings by which time we will have bigger problems than interest rates and free market. (an off-shoot something said by Morgan/Goldstein here )

Attached pic is dedicated to the innocent citizens of either a communist or capitalist society who still believe in the system and play by the rules in spirit. The pic is that of my kid's toy taken at our patio with Nikon D40 in Manual exposure and manual focus. One of my first few tries with manual operations on D40.