Corporate Destruction of Free Markets Rules Us & “The Problem of Crony Capitalism”

Fascist refers to a militaristic system that is opposed to democracy and seeks, ideologically and practically, to crush it. And fascism uses state terror against the individual to do this. When I talk about a “fascist shift” in America, I am talking about an antidemocratic ideology that uses the threat of violence against the individual to subdue the institutions of civil society so that they in turn can be subordinated to the power of the state.

When America gets fascism it will be called anti-fascism. ATTRIBUTED TO HUEY LONG

==The End of America (Naomi Wolf)

The ruling dogma of our political economy is corporatism. Corporatism claims to draw legitimacy from the free market theory that all vendors who do not meet market demands will go under. Corporatism uses this illusion to exert power over all aspects of our political economy.

corporate-fascismFree markets, corporatists believe, are the best mechanism to allocate resources for the exchange of goods and services. They believe markets free of regulation, taxation or competition from government enterprises produce the best results. Their favorite metaphor is Adam Smith’s “invisible hand” that produces the greatest good for the greatest number of people by the exertions of many willing sellers and many willing buyers (Adam Smith, they neglected to add, favored public works, public education and social safety nets like decent wages and public welfare as needed.)

Many things intrude on free market theories including military expenditures, wars, taxation, public infrastructure, health and safety regulation and governments’ emergency duties. What financier George Soros has called “market fundamentalism,” is opposed to any interference with free markets. Yet, corporatism makes massive exceptions that rig markets and tilt the seller-buyer balance heavily in favor of the former who become bigger and bigger global corporations.

Market critics call this hypocrisy. Corporations push for larger military budgets, which have concentrated power in ever fewer military contractors. What are less recognized and more part of the culture of acceptance are the other interferences with free markets, which corporate power has entrenched so deeply that they are rarely part of any political or election-time debate.

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via Corporate Destruction of Free Markets Rules Us | Common Dreams | Breaking News & Views for the Progressive Community.

“The Problem of Crony Capitalism”

Very much worth listening to

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