And, as I said, Mussonlini’s statement isn’t accurate in regards to economic theory or history. It is another one of those quotations very commonly misued like Ike’s ‘military industrial complex’ statement. However, even if you took it on grade-school level face value, it still shows Paul was wrong as what we are seeing here in no way is a ‘merger of State and corporate power’, it is a socialistic take over and elimination of the corproate by the State- aka, socialism.
Ok. We disagree. I think the profit motive will be there i the system Obama is creating for the big enterprises that are state favored and work with the state . . . profits will be private, losses will be corporate for the state favored enterprises. They are already with the Banks making bad business decisions, charging us (the people) overly high interest on credit cards etc., but when they screw up on the mortgages the government bails them out with our tax dollars . . . and the bankers keep making fortunes! It’s a corporatist system.
The stuff you write about Mussolini is off base. Corporatism was fascist economics. No two ways about it. To the extent fascist economic theory was developed it was corporatism.