In my post Crony Capitalism Booming Under Obama Rule in February of 2010, I wrote:
One of my biggest fears about the Obama administration is not that it is liberal and not that it is communist, but rather that it is the beginning of a renaissance of National Socialism. One of the common misconceptions that people have about National Socialism is that it was against big business, or that big business opposed it. Free markets oppose national socialism, and individuals oppose national socialism, but Big Business, threatened by government, does the logical thing, and joins in. National socialism leads to an alliance of Big Business, which enjoys government protection against challenges to its market share and in exchange transforms itself into a tool of government control over the economy. Top executives and lobbyists do very well under a National Socialist regime, while the people suffer.
At the time, I was responding to a post that I found on powerlineblog called Crony Capitalism, which itself was a response to the article from Michael Barone called: “Under Obama, crony capitalism again rules the day.”
That was several months ago now, and with the passage of time, we can re-evaluate my thesis- that the Obama administration is putting place a version of fascism that you can nicely called Crony Capitalism or State Capitalism, whereby the government subverts the free market for the good of the ‘state’ and makes alliances with Big Business to crush smaller companies through regulation and taxation.
Gregory Scoblete updates the situation with his article Will Free Markets Give Way to State Capitalism:
State capitalism, Bremmer writes, “is a system in which the state dominates markets primarily for political gain.” From state-owned corporations operating in strategic industries like natural resources or defense, to enormous sovereign wealth funds in the hands of autocrats with opaque operating principles, state capitalism has enabled the world’s autocratic states to reap the benefits of capitalist enterprise while maintaining a vice-grip on political freedom.
In Bremmer’s telling, the world’s autocratic states learned a valuable lesson from the implosion of the Soviet Union: command economies do not work and when they fail, they can bring down the over-arching political system with them. They also watched the post Soviet experiment in crash liberalization with horror. To protect their hides and preserve their privilege, autocratic rulers in China, Russia, Saudi Arabia and elsewhere have created a “hybrid” system that leverages many of the tools of capitalism to generate wealth while the heavy hand of the state ensures that wealth is put to the service of the elites and rulers of each country.
Here in America, we have a ruler who wants us to emulate China, Russia, or Saudi Arabia- he wants to create a ‘hybrid system’ here where the fascist state can leverage capitalism for the good of the all-powerful state through the heavy hand of a tyrannical government. I’d love to sugar coat this, but the evidence is piling up that this is his intention.
Original Post: A Conservative Teacher
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Matt
I believe that future generations should have the same opportunities that myself, and those that came before me, had. My parents taught me that I could do anything I wanted to do. I don’t want to have to tell my daughter, “You can do whatever the government tells you to do.” We are at a crossroads in this country; are we going to be free, or are we going to be slaves to the nanny state. I choose freedom.
There is certainly a fascist aspect to what Obama is doing, one just neeeds to read about what fascism really is and they will see what is going on.
You know Matt, this is exactly what the financial reform bill is designed to do. Protect the established and hurt the small. They wrap it up as something that is good for the little guy. Just the opposite is true and yet they create this illusion and people fall for. We need to continue to educate the people and hope they will wake up in time.
I know exactly what you mean, i only figured this out recently, big business and big government are in bed together because it suits them just fine to team up against the little guy and we the individual tax payers.
When i stopped to examine the facts, i was surprised at how many big corporates are actually into a lot of the leftwing bs in the western world. Sustainability, going green, and what not.
The interesting thing for me is that the left refuses to see reality on something so fundamental to their worldview.
Remember, the statists almost always lump big corporations into the ‘right-wing’. The truth is, large businesses will almost always make fascist-lite deals with governments to squash competition from smaller, more agile fims if the big corp can get the deal done.
If you go into the left-o-sphere, they still think the narrative is: Large Benevolent State fighting for the little guy against Impersonal Meanie Corporations. Many rank-n-file liberals do not understand just how much the ground has shifted underneath their feet.
This is the single best economic paper I’ve ever read on the subject. First read it way back in college.
Economic Fascism by Thomas J. DiLorenzo
http://www.lewrockwell.com/dilorenzo/dilorenzo85.html
Everything obama does is to destroy America. He must be stopped.
They all are liars, it’s sickening.
Hey Teach,
Obama is what you say. Worse still he believes that he is so right that he cannot be stopped with reason, logic, law, or the Constitution. His mind has been eaten away with his ideology for so long that the only thing that could change his mind is a transplant.
As a people we wait for our chance for the system to work. Trouble is that the leader of our system is a fanatic in presidental clothing. Yes. Obama is a Jihadist of a sort. He is just destroying America by being president. Think about it.
Ken
State Capitalism, Crony Capitalism, Corrupt Capitalism, Syndicaliam, Corporatism… Obamaism | Conservative Hideout 2.0…
In my post Crony Capitalism Booming Under Obama Rule in February of 2010, I wrote: One of my biggest fears about the Obama administration is not that it is…