Well I was with you until you said that.
Marxism and statism are not a Wall St. phenomena. It's the crony capitalist who serves our powerful government and not the other way around.
One hand washes the other.
The thing about corporatist fascism is that it's just a little dance of bribery and extortion, where sometimes it's hard to tell who is doing the bribing and who is doing the extorting.
The crony capitalist and the fascist politician are really one and the same person wearing a different hat.
Marxism and statism are not a Wall St. phenomena. It’s the crony capitalist who serves our powerful government and not the other way around.
Crony capitalism has its biggest players in the oligarchs who basically run Wall St. No one opposes a free market if they are sane, but we don’t have a free market anymore, we have a FED propped up rigged market that directly benefits these guys who have basically orchestrated (through brilliance or stupidity) the economic collapse of 2008. They are infested through out the key government policy centers like termites (FED, Treasury, Presidents economic advisory group), and often hold the highest positions in these institutions.
I always look at who benefits from a transaction to determine who has the superior position. TARP, no FED audit, QE I, QE II, consumer protection agency at the mercy of FED funding, no whistle blowers appointed to positions of authority, insiders allowed to get those positions to minimize any damage to the good old boys network, etc. It is clear to me who is pulling the strings and who is the puppet. The political guys are merely well paid opportunists. The Wall St. oligarchs get to privatize their profits and socialize their losses. Seems pretty clear as to who is in charge. I think most of the public sees it the same way.