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Originally posted by Beach Bum
reply to post by David9176
Fascism has been here for years now you'll see a build up. Like the old song says "Its only just begun". Well okay but it began many years ago which is the problem. Get ready for even worse things to come.
Originally posted by mental modulator
Now Obama is tripping around in some sort of perfect crap death storm that has no precedent. God only knows???
The Obama adminsitration fired the GM head today, and already, some bloggers are having a hissy fit. If you strongly believe against state market interventions, fair enough. But to compare this to 30’s style fascism or socialism is kind of missing the point.
First, it helps to lay out what political economy has been about for the last 150 years or so. In ye olden days, people truly despised the capitalist system. Some folks, like the socialists, just wanted to abolish it and just have the state do everything. The social democrats and the Keynesians wanted to control it and spread the wealth. The fascists also wanted to control it, but mainly as a tool for nationalism and clientelism, rather than redistribution. There were some who loved capitalism, but that’s a story for another day.
But we’ve seen none of the above. There’s no attempt to abolish the system, and no attempt to set up vast new welfare programs, though we’ll likely see piecemeal efforts on health and related issues. Neither is there an attempt to set up a massive patron-client state, in the way the fascists did in the 30s.
Instead, we’ve got “quarterback capitalism.” The idea is pretty simple: don’t challenge the major features of capitalism, but opportunistically fix what you can with buy outs, loans, subsidies, and other ad hoc interventions. Reminds me of the great quarterback Randall Cunningham, who could scramble his way out of any mess. The idea behind Bush-Obama policy is that what ever mess you’ve got, you can probably fix with the right hodgepodge of incentives. The Federal government is the nimble quarterback who can get you out of the squeeze.
With regard to GM, Obama didn’t do what the fascists actually did - which was to make everyone dependent on the state so they could engage in militarism. Basically, the current strategy is to do what one can to save the financial and manufacturing infrstructure of United States, but not in ways the challenge the underlying structure. Better regulations for banks; new management for the auto people; a little help for homeowners. For GM, it was pushing out old management in exchange for money, a typical move in the private sector. Whether this is good is certainly for debate, but it certainly isn’t a return to fascism, socialism, or laissez-faire economics.
Originally posted by David9176
a policy of belligerent nationalism and racism.