Sorry, clarify your position?
You seem to be attacking the author instead of the fascism displayed by our Gov’t.
Is not the cabal of Gov’t bailing out Wall Street, bad?
It is anathema to liberty.
"You seem to be attacking the author instead of the fascism displayed by our Gov’t."
I have a problem with "instead" in this sentence. Both are wrong and for different reasons. As for bailouts, I see two problems: (i) they should not have occurred and (ii) if they did occur, they should've at least been implemented consistently. Our government (Bush administration) violated both (all but Lehman were bailed out, which almost single-handedly precipitated the credit freeze. This is because the markets had assumed, at least after the bailout of S&L industry in the 1980s, that we now subscribe to the too-big-to-fail policy. When Lehman went down, the markets concluded that the gov't abandoned that policy. In lieu of what? That was unclear, and lending froze in response to that uncertainly.]
As I have tried to substantiate on another thread by walking through another of the author's articles (cf. post 38), the authors is a charlatan that does not understand the words he is using and merely tries to entice class envy. I consider that both intellectually and morally wrong.
And this is the source of my disagreement with many other posters: unlike they, I don't take sides. Since Taibi criticizes the government, they take his side. But it is insufficient to attack: one has to attack from moral position and by intellectually defensible means. The author has neither.
More generally, and this is the aspect that dismays me, many self-professed conservatives have joined the leftist witch hunt against Wall Street, no matter how little of it they understand.
Since you mentioned fascism, a historical analogy may help to clarify my converns. German Communists vigorously attacked Nazis in 1929 and thereafter. Would you join them because you too are against fascism? Of course not: communists were attacking Nazis NOT from a moral position and by intellectually flawed means. Common sense and centrist political position has disappeared in Germany: one leftist scum (communists) was fighting another leftist scum (fascists). That is largely what made fascist victory possible.
Unfortunately, there is a parallel here with our situation. Many conservatives have joined lefties in a witch hunt against Wall Street, CEOs and whatever other symbols of capitalism, all the while paying lip service to the abstract idea of free markets or some such thing. In doing so, they don't even recognize, most of the time, that they simply repeat what they read in the MSM without enough knowledge to judge whether that is fact of fiction.
To be sure, these people are conservative in all other areas. But when it comes to economics, they take as leftist positions as the leftists do. As a result, very few people represent, as in Germany, the fact-based and reasoned view of our financial institutions and economic fondations of our society. That largely explains why we have a socialist in the White House: when Bush admin behaves like socialists (growing the gov't by 56%, bailouts, open borders, etc.), why would Communists NOT come to power; who would oppose them? It's not Obama, therefore, that is a problem. It is the people who voted for him, and the lack of principled and informed opposition on the part of conservatives who sing the same leftist songs and engage in the same witch hunts --- against CEOs, Wall Street, outsourcing...
You are EXACTLY right. Thank you also for correctly recognizing (few people appear to do so) the methods used by our government as those used by Italian fascists and subsequently German Nazis in controlling their respective economies.