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In February 2009 while the United States Congress debated [[President Barack Obama]]'s [[American Recovery and Reinvestment Act of 2009|economic stimulus package]], Putin suggested the [[United States]] learn from Russian history and not exercise "excessive intervention in economic activity and blind faith in the state’s omnipotence". Speaking to Putin the World Economic Forum in Davos, Switzerland Putin said,
In February 2009 while the United States Congress debated [[President Barack Obama]]'s [[American Recovery and Reinvestment Act of 2009|economic stimulus package]], Putin suggested the [[United States]] learn from Russian history and not exercise "excessive intervention in economic activity and blind faith in the state’s omnipotence". Speaking to Putin the World Economic Forum in Davos, Switzerland Putin said,
{{Cquote|In the 20th century, the [[Soviet Union]] made the state’s role absolute... In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated....Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors, and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.<ref>[http://www.therightperspective.org/2009/02/11/putin-warns-us-about-socialsm/ Putin Warns US About Socialism], The Right Perspective.</ref>}}
{{Cquote|In the 20th century, the [[Soviet Union]] made the state’s role absolute... In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated....Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors, and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.<ref>[http://www.therightperspective.org/2009/02/11/putin-warns-us-about-socialsm/ Putin Warns US About Socialism], The Right Perspective.</ref>}}