Posted on 08/20/2025 4:46:16 AM PDT by MtnClimber
For a long time, the American economic system has been defined by the imprecise term "capitalism." The system varies in its application. When conservatives are in power, the government favors free markets and less state intervention. When liberals rule, social safety nets and regulations are given more free rein.
Regardless of the application, America’s economic system maintains robust growth because its most important sectors favor the free market ideal. That is why America stands out economically.
A Changing Narrative
That economic narrative is now changing. State intervention is taking on a positive meaning. Populist movements see government as a political tool they can use to leverage economic policy in favor of their agendas. Government economic holdings are increasing in the name of national security, employment opportunities, or the common good.
Classical economists warn that such use of power is dangerous since it easily becomes abusive. Government overinvolvement in the economy can bog down everything and send the wrong signals to markets. When the government extends favors, it expects others in return. Once the government invests in a project, it tends to sustain it even when it fails.
The new model cannot be called socialism since it does not involve total control of the means of production. However, it is a form of state capitalism, a broadly defined term where the state guides the decisions of nominally private companies and makes demands on them. Others, like the Wall Street Journal, call it corporate statism, which expresses a closer model of cooperation between government and private industry.
Most Americans consider state capitalism in any form to be the problem of China, some European nations, and other leftist states that cannot shake free of the habit of state control of the economy. However, new policies are making it America’s problem, and it must be
(Excerpt) Read more at americanthinker.com ...
Free enterprise with minimal interference from the government is the way.
Freedom to buy and sell, to create, to try new things outside of the influence of the idiots in DC and other governments that wish to be in control despite being generally inept at the task at hand.
Japan has extended to the USA 550 billion to invest as it pleases in return for 10% of the profits.
Korea made a similar deal for about 350 billion.
Wouldn’t it be wise to invest that money in such a way as to vastly accelerate american growth and gdp and get a return on the investment that would contribute to the USA soveign wealth fund or that new retirement saving account that trump created with a deposit of 1000 per person? (In theory that would take over Social Security if enough funds were contributed at some point in the future)
Kind of the true, original definition, more or less, of fascism.
Western distributists like Chesterton and Belloc were saying the same thing, though I don't know if they directly influenced Chiang Kai-shek or if he simply converged on the same ideas.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.