by Fran Porretto
The United States is currently laboring under a partially disguised system of “crony capitalism,” or as I like to style it, social fascism. Businesses deemed to be agreeable to and compatible with the aims and methods of the current Administration receive favorable regulatory treatment. Indeed, when the Obama regime was first fastened upon us we saw the phenomenon of corporations explicitly bailed out by federal intervention on the pretext that they were “too big to fail.” This is the antithesis of capitalism under a thin disguise of its least important attribute. Capitalism’s most important virtues include the way it contains losses to those who’ve legitimately accrued them. But spreading the losses to the entire population of the United States was quite acceptable to the social fascists at the helm of the Administration.
The subsequent “recovery,” which has brought us the lowest labor participation rate and median family income the U.S. has seen in more than forty years, is ample testimony to the wrongness of government economic intervention and the rightness of a free market. Yet there are those who continue to insist that the only thing wrong with Obamunist economics is that “it didn’t go far enough:” that the firms bailed out should instead have been wholly socialized, thence to be operated as organs of the State.
The power elite is not displeased by such sentiments. Neither is it at all unhappy about the enthusiasm among the supporters of Senator Bernard Sanders, the explicitly socialist candidate for the presidency of these United States. But those supposedly well-connected “crony capitalists,” so accustomed to having their interests attended to by the Administration, have begun to wonder which among them will be cast to the wolves to finance the next installment of the Democrats’ social-fascist agenda.
