Saturday, November 2, 2013

The Neo Fascist Economy

We believe we live in a free market economy. But nothing could be further from the truth. The regulation by government 'market masters' is in fact Mussolini's definition of fascism

"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power." ~~ Benito Mussolini. *

A posting on the Ayn Rand Center deals with the de facto command economy that exists in de Western world today. In the US as well as the EU corporatism or crony capitalism, passes for 'neo liberalism' for the antagonists and 'free markets' for the liberal protagonists. Neither is true: these highly regulated markets that ultimately depend on government permission, are neither liberal nor free. Contrary to what Leftists today believe, in the merger of state and corporations the economy, like everything else in a collective, exists for the sole purpose of that collective, the state. Precisely Mussolini's definition of fascism.