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Posted by on Mar 12, 2011 in Breaking News, Economy, International, Media, Places, Politics, Society | 0 comments

Capitalism Really Is Heartless

One country’s human devastation is another country’s economic boon. And Larry Kudlow isn’t reluctant to say so (emphasis in the quote within the quote is Booman’s; emphasis in Booman’s ending commentary is mine):

I’ve seen some fine wanking in my time but not like this. The man from CNBC is a master. Here’s what he said about the loss of life in Japan yesterday:

In these tough economic times, isn’t it nice to know that calamitous natural disasters needn’t have an adverse affect on your investment portfolio? After the 8.9-magnitude earthquake in Japan failed to induce a market nosedive, CNBC’s Larry Kudlow expressed his relief in terms that seemed to appall even his fellow cheerleaders for capitalism: “The human toll here,” he declared, “looks to be much worse than the economic toll and we can be grateful for that.”

His co-host later said that the US stock markets were up because traders saw the devastation in Japan as good economic news for America. Well, for American stocks anyway.