The irony of the collapse of capitalism

IT’S ironic that former US President Bill Clinton was invited recently to speak at an Economic Global Forum at Dublin Castle to advise our citizens and government how to overcome our economic recession.

When Clinton’s administration was in power, along with previous administrations, the USA went from a creditor nation to being the most indebted nation in world history owing over 14 trillion dollars.

There are now 45 million US citizens receiving food stamps and according to American charities, millions of US children are malnourished.

It’s no wonder people are now taking to the streets in protest.

The USA is now in danger of an economic collapse — the same as the one in 1907.

It’s also ironic that a communist country — China — is now bankrolling the largest capitalist country in the world and the EU is begging China for massive loans.

It surely beggars belief.

Gordon Cunningham

Carndonagh Park

Donaghmede

Dublin 13