The U.S. is already a functional State Capitalist/Police State.
With 40% marginal tax rates on anyone with an income over subsistence, and the “Public” portion of the economy running at 30% (which is way low), we now have an economy which is more about government then England in the Middle Ages under Feudalism.
The Police State is necessary to keep the Serfs working and to put down any unrest when they sense that the Aristocratic Class living in the Beltway might really just be unnecessary and are nothing more then parasites.
There is no investment based on pooled capital; it’s all funny money from the Reserve Bank, and debt on a scale unseen in human history.
And the only beneficiaries are the Made Guys who work in the bureaucracies, who figured out long ago that Civil Service now means working for biggest and baddest gang in town. Nothing More.
Fascism is what it is.
An altogether accurate picture I would say.