Mussolini's 'corporatism' comes to America
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... Benito Mussolini said that Fascism should rightly be called Corporatism, as it is the merger of corporate and government power.
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May 22, 2009
Corporatism comes to America
Corporatism comes to America
By Lee Cary
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And as Lee Cary points out at The American Thinker, given the U.S. government's role today in the banking and automobile industries, it's a role that indeed looks, walks, and quacks like socialism, as Ford Motor Company is about to become the last free-enterprise American car company. Clearly, Cary is on target in saying that Obama is borrowing the worst elements from the two greatest economic catastrophes of the 20th Century: fascism and socialism. Consequently, we're moving further away, every day, from the most successful economic system in the history of humankind: capitalism.
Here is an excerpt from his must read piece -
Corporatism comes to America:
Today, we've adopted the USSR's Gosbank (State Bank). Our Gosbank has two main branches: the Fed that prints and distributes money; and the U.S. Treasury that manages the banking industry. Commissars Bernanke and Geithner as the super-central planners.
Meanwhile, the consumer -- once king in the capitalist system -- becomes the benefactor of the wisdom of the bureaucrat to whom, according to Marx, "the world is a mere object to be manipulated by him."
So, what's our future to be? Expanding collaboration between big business (With GE's Immelt as the poster boy) and bigger government moving in tandem toward a kinder-and-gentler fascism? Or, with its central planning and collective ownership, is socialism the goal?
However we name it, it most definitely is not free-market capitalist economy where,
"[I]n the market of a capitalistic society the common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality." (The Anti-Capitalism Mentality, Ludwig von Mises, 1956, p. 1.)
With each passing day of the Obama administration, the battle of individualism versus collectivism is further engaged. Many of us pushing back against the trend are finding it hard to label where we're headed as a nation. Here's why.
Obama is borrowing the worst elements from the two greatest economic catastrophes of the 20th Century: fascism and socialism. Consequently, we're moving further away, every day, from the most successful economic system in the history of humankind: capitalism. Meanwhile, a widely economically illiterate population, lulled into complacency by the affluence brought by capitalism, has forgotten the lessons of the past as the fall of the Berlin Wall fades away in our collective rearview mirror. Slow to awakening to the change underway, it will be a fait accompli by the time our alarms go off.
Today, we've adopted the USSR's Gosbank (State Bank). Our Gosbank has two main branches: the Fed that prints and distributes money; and the U.S. Treasury that manages the banking industry. Commissars Bernanke and Geithner as the super-central planners.
Meanwhile, the consumer -- once king in the capitalist system -- becomes the benefactor of the wisdom of the bureaucrat to whom, according to Marx, "the world is a mere object to be manipulated by him."
So, what's our future to be? Expanding collaboration between big business (With GE's Immelt as the poster boy) and bigger government moving in tandem toward a kinder-and-gentler fascism? Or, with its central planning and collective ownership, is socialism the goal?
However we name it, it most definitely is not free-market capitalist economy where,
"[I]n the market of a capitalistic society the common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality." (The Anti-Capitalism Mentality, Ludwig von Mises, 1956, p. 1.)
With each passing day of the Obama administration, the battle of individualism versus collectivism is further engaged. Many of us pushing back against the trend are finding it hard to label where we're headed as a nation. Here's why.
Obama is borrowing the worst elements from the two greatest economic catastrophes of the 20th Century: fascism and socialism. Consequently, we're moving further away, every day, from the most successful economic system in the history of humankind: capitalism. Meanwhile, a widely economically illiterate population, lulled into complacency by the affluence brought by capitalism, has forgotten the lessons of the past as the fall of the Berlin Wall fades away in our collective rearview mirror. Slow to awakening to the change underway, it will be a fait accompli by the time our alarms go off.
posted by jillosophy at 5/22/2009 10:17:00 AM
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