A major current-events lesson not being taught in our schools.
It has to do with the corporate state. 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.
The U.S. government has now 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 government already controls the giant Fannie Mae and Freddie Mac, whose collapse really were one of the bases of our 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 control the entire health care industry, over 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.)
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