Crony capitalism is fascism-lite.
The syllabus (above) is from East Chester High School.
It’s important to understand what fascism actually is if one is going to cry “fascism.” Many people have an extremely confused understanding of what fascism is. They think it’s about a certain style. They think it’s about social norms. It’s not primarily.
Fascism is an economic system first and foremost as is explained below. It is about big government control over everything with nominally private firms. (Sound familiar?) That is what fascism is about.
For the record anarcho-capitalism is diametrically opposed to fascism which as we have explained is really a form of socialism. (Fascism is a partnership between nominally private business and the state.) Anarcho-capitalists are if anything the heirs to the legacy of classical liberalism which is about open minds, open markets, liberty, and human actualization.
As we say occasionally “crony capitalism” is a polite way of saying “fascism” or “fascism-lite.” Fascism is when corporations and the state partner up with each other for control. But it is always the state which is in charge. Mussolini didn’t bow to the owners of Alpha Romeo nor Hitler to the chiefs at Porsche.
And despite what some people unfortunately still believe fascism is indeed a form of socialism, the Nazis were of course the National Socialist Party.
Oliver Stone is not my favorite guy in the world. He has said and done a number of things with which I strongly do not not agree. However he is a hell of a director and Wall Street and Platoon rank in my personal all time top 20 movies. And he is absolutely correct about the cozy relationship between some tech companies, particularly Google (which has visited the White House far more than any other company during Obama’s presidency) and the government.
“Crony capitalism” is just a nice way of saying fascism. We are Against Crony Capitalism and we are Against Fascism. Ron Paul is right on here.
$1 billion is a lot of money, even in the United States. In tiny Hungary it is however a massive sum. This, according to a report from Bloomberg is the amount the head of the Hungarian central bank has siphoned off for himself, friends, and allies in just 3 years. It appears to be a brazen and Putinesque (not a coincidence) act of crony capitalism. And Hungary is not the wealthiest country in Europe either.
Dead on point.
University of Missouri journalism professor telling student journalists to get out of her “safe space.”
People often talk about institutionalized racism, which is a real thing. It is a fact that the state enforced segregation. It is a fact that the government was used for a very long time to keep blacks and whites separate. Jim Crow doesn’t happen without big and intrusive government. Racism was institutionalized, codified, the law of the land. Racism was supported by the state. Cops,
This is an interesting wrinkle in the debate between Mr. Sanders and Ms. Clinton for the Democratic nomination and it speaks to which club each belongs to.
This is an issue which we need to revisit soon, and we will at greater length. And there is is some validity to this fear.
First, the Crash of 2008 was a crash caused by central planning. It was the Federal Reserve which created the necessary climate for the Crash. The planners screwed up royally. They kept interest rates too low for too long and everyone came to believe that there was a “Greenspan Put” built into the stock market.
Electorally anyway. There remains support among a significant part of the Argentine population for a large welfare state. (Which can be a challenge in a country which occupies a space somewhere between developed and developing.) But this is progress. The soft-fascists (sometimes not so soft), the Peronistas, have been beaten, though they still control the Argentine congress.