In my younger days, I always wondered how a technologically advanced educated society like 1930s Germany could fall for a Hitler.
Now I know how it could happen. It is happening before our very eyes.
ESPN will be cancelling my contract shortly.
How did that happen? It was an exactly Fasicst takeover of GM, the Obama-Democratic machine, elected into highest office in our national government, combined with equally corrupt unions to boldly loot every penny from bondholders and to disenfranchise every dealer who was not a party loyalist. That's pure Fascism.
As an economic system, fascism is socialism with a capitalist veneer.Where socialism sought totalitarian control of a societys economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the national interestthat is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically.
Under fascism, the state, through official cartels, controlled all aspects of manufacturing, commerce, finance, and agriculture. Planning boards set product lines, production levels, prices, wages, working conditions, and the size of firms. Licensing was ubiquitous; no economic activity could be undertaken without government permission.
-- excerpted from Fascism , The Library of Economics and Liberty