Rodong Sinmun observes this in a signed article today.

The financial crisis hit the United States because its business is governed by the "unlimited free market principle" and the U.S. administration squandered money for overseas aggression and war moves, the article notes, and goes on:

In the capitalist market economy antagonism and contradictions and unbalanced development among countries bring about instability in equilibrium between foreign incomings and outgoings and foreign exchange rate and these create conditions for sparking off a financial crisis.

The economy in the capitalist countries is structurally dependent on the U.S. Many capitalist countries are in such economic relationship that they are entangled with one another with the U.S. consumer market as the axis. Precisely for this reason the financial crisis in the U.S. put major capitalist countries in the grip of economic crisis.

Capitalism is an unpopular society which diametrically runs counter to the intrinsic wishes of the popular masses in all aspects of material, spiritual and cultural and political lives, and it is an old corrupt and weak society bound to go to ruin due to the struggle of the popular masses for independence.

By its intrinsic class nature the capitalist system cannot overcome the imbalance between deformed material life and impoverished spiritual and cultural life and that between the growing demand of the popular masses for independence and the worsening political life. Herein lie the uncontrollable contradictions in the capitalist society and consequently capitalism is bound to go to ruin inevitably.

The capitalist countries are also going to decay and ruin, depending on the exploitation and plunder of developing countries.

The developing countries are standing in confrontation with the capitalist countries by strengthening the south-south cooperation as evidenced by their energetic endeavors to put an end to the outdated international economic order and, instead, build a new and fair one.

The advance of the popular masses' cause of independence, the cause of socialism is precipitating the doomsday of capitalism.

Socialist Korea demonstrating its might by winning victories by dint of Songun serves as the beacon of hope and the banner of victory for the world people desirous of independence.

The 21st century will prove to be a century marked with historic changes in which capitalism is bound to meet its end and socialism is sure to triumph thanks to the struggle of the popular masses for independence.