Monday, September 22, 2008

Fascism

"Fascist governments nationalized key industries and made massive state investments.[11][12] They upheld the ownership aspect of private property - including private property over productive capital and the means of production[13] - but said that property was to be regulated to ensure that "benefit to the community precedes benefit to the individual."[14] They also introduced price controls and other types of economic planning measures.[15] Fascists promoted their ideology as a "third way" between capitalism and Marxian socialism.[16]"

Is this what we are experiencing today? I believe it closely resembles it. We have government and banking officials saying that it is in the best interest of the country's financial and economic system to socialize banking losses. We also have the big three automakers asking the government to make massive investments in the form of low interest loans. Economic planning by the Federal Reserve, legislative action, and other "economic incentives" are just forms of social interventionism that make our market more inefficient and weaken our dollar over the long term.

I used to think we were slowly creeping towards socialism, but for a government, fascism is much easier to control. Politicians can get rich off of lobbyists. Socialist politicians will be rich because they are politicians. Fascism is the way to allow some competition to cover for the massive corruption that has invaded Washington. Republicans and Democrats are stealing this Republic from the people, and the people do not care.

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