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To: JayGalt

I’m talking about the classic economic definition of fascism. Government ownership of “private” companies is a textbook example of this.


11 posted on 08/26/2025 6:51:32 AM PDT by Alberta's Child ("Although my eyes were open, they might just as well be closed.")
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To: Alberta's Child

Do you own a company by owning a portion of it’s stock? Neither does our Government. This issue is not ownership of shares; it’s control. Your analogy is distorted.


15 posted on 08/26/2025 7:00:10 AM PDT by JayGalt (For America!)
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To: Alberta's Child

Actually this action is far from the classic definition of liberal fascism as well. The only one of the classic economic hallmarks of fascism that Trump embraces is autarky and only to the extent of domestic resilience for survival in time of war or black swan event.

Key characteristics of a fascist economy:

Dirigisme:
The state plays a dominant, directive role in the economy through various interventions, including setting prices, production levels, wages, and working conditions.

Autarky:
A central goal is national economic self-sufficiency, achieved through protectionist policies that limit imports and encourage domestic production.

Corporatism:
The economic and social life of the nation is organized into state-controlled “corporations” or cartels, which are organized by trade and industry rather than geography.

Blend of Capitalism and State Control:
While private property and individual profit are allowed, their pursuit is subordinate to the national interest and heavily regulated by the state.

State Intervention:
The government exerts pervasive control, requiring permits for economic activities and often taking private excess income through taxes or enforced loans.

Incompatibility with Liberalism:
Fascist economics is inherently opposed to the free trade, international cooperation, and open markets that are hallmarks of economic liberalism.


23 posted on 08/26/2025 7:19:10 AM PDT by JayGalt (For America!)
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To: Alberta's Child

I’m talking about the classic economic definition of fascism. Government ownership of “private” companies is a textbook example of this.

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I would call it a semi fascist policy, because the ownership shares are only 10%. It also should be noted that the existing subsidy was already in the public/private supply chain.

The amount of businesses that depend on government largesse through subsidies, tax code favoritism, & government purchases is mind boggling.


50 posted on 08/26/2025 11:28:09 AM PDT by unclebankster (Globalism is the last refuge of a scoundrel. )
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