Which “-ism” is America under his rule?
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This is the basis of fascism’s “third way” between laissez-faire capitalism and Marxism. It’s also precisely the economic system we see at work in America today, a centralized bureaucratic oligarchy in which farm subsidies, investments in “green jobs,” Wall Street bailouts, Export-Import Bank subsidies and numerous other taxpayer-funded incentives manipulate the market to serve specific political purposes.
Obviously the fascist analogy isn’t perfect. Unlike Obama, fascists abhorred class warfare (and labor’s efforts to foment it) because such societal divisions ran counter to their nationalist ideology. And while fascist economic policies can certainly perpetuate the redistribution of wealth, they also tend to create powerful privileged elites that leverage tax dollars and political favors so as to manipulate the market in their favor.
So is Obama’s brand of 21st century socialism/ nouveau fascism really “more insidious” than pure socialism, as Sowell suggests? Yes, because unlike socialism - the public sector never “takes a loss,” as the recent bureaucratic bailouts made clear.
Also consider this: Is any property really “private” if the government can take it based on little more than a whim? And is any sector of the economy really “private” as long as government can swoop in and set its prices and production quotas? And finally, is any market truly “free” if government can compel citizens to make specific purchases?
Of course not — all of which makes Obama’s ideology dangerous no matter what label we slap on it.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?