On one hand, industrial capitalism made possible those reforms that are part of democracy. On the other hand, owners of capital from time immemorial have feared too much democracy. In the 1980s, the head of Volvo said: "Sweden needs Volvo but Volvo doesn't need Sweden. In the capitalism of the 21st century, individuals have a complex and rich life.
MANILA, Philippines - The Philippine government’s decision to extend a US$1-billion loan to the International Monetary Fund (IMF) to supplement the Fund’s Financial Transaction Plan (FTP) of $456 billion to contain the economic crisis in Europe is an “arrogant pretension of a country very much in debt,” according to the Freedom from Debt Coalition (FDC).