What’s a Corporate State?

                 

There is a major lesson to be learned that is not being taught in our schools. Not in elementary classes nor high schools, and certainly not in those of so-called higher learning. It has to do with the true nature of the corporate state.

                       

In this regard, a study of Benito Mussolini’s Italy is essential. Starting in the 1920s. Mussolini was a Socialist who advocated what we know as the corporate state.

                                           

Our government has taken over General Motors, GMAC and Chrysler. It also controls banks to a greater extent than they have ever been, having dictated salaries, and thus hiring policy.The political takeover of G.M. private debt obligations is a further example.

                       

You have had Fannie Mae and Freddie Mac, whose collapse really were one of the bases of our 2008 financial meltdown. Then you have the takeover of AIG, a completely unnecessary step for several reasons I have discussed before.

                       

Banking industry bailouts and resultant government influence are yet another example of the government’s meddling in the underpinnings of our economy.

                       

The attempt to nationalize the entire healthcare industry, about one sixth of the economy, is yet another flagrant example of a parallel picture of what happened at another, not so distant time. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)