This is a particularly timely subject when left-leaning, statist politicos are in power. Especially if accused by some of us of having opinions related to those of Benito Mussolini, with his brand of Corporate Statism.
Liberals will fight you to the death, should you accuse them of this fascistic offense. Yet they are, nevertheless, guilty of corporate state politics, right here in the good old U. S. A.
Example: Right now, their argument is that super financial regulation is the answer to stopping bubbles and financial risk. More regulation, they say, will reduce financial meltdowns. That same financial risk that past regulation failed to catch. When 50 locks on the door fail, add the 51st. If that doesn’t work, add more.
And if large companies “too big to fail” look ready to do so, the U. S. ought to be the employer of last resort, to bail them out. While you operate them.
Well, that is corporate statism, pure and simple. That was the road taken by the Obama administration in 2009 and it is a permanent fixture. There were alternatives, of course. Actions that would have been better solutions and less destructive to our long-term economy.
I have been commenting on them all along.
No comments:
Post a Comment