And the world looks just the same
And history ain't changed
'Cause the banners
They are flown in the next war
--The Who
There are various flavors of socialism. Communism puts control of property directly in the hands of bureaucrats. Planning bureaus make the decisions over production and distribution. The stated goal is equal distribution of wealth although, in practice, there are reasons to believe this cannot occur.
Fascism is another form of socialism. In fascist regimes, the state partners with large corporations in a manner that permits government to indirectly influence production and distribution decisions. Essentially, large producers act in accordance with state wishes in exchange for special favors, such as regulatory protection, subsidies, or bailout guarantees. Fascism skews distribution of wealth unnaturally toward statist cronies.
Industrial 'verticals' become the primary conduit for transmitting fascist policy. Because they are earning 'profits,' many mistake these verticals for expressions of capitalism. But they are nothing of the sort. Instead, verticals serve as fronts for the state.
Fascist verticals are best identified by determining where special favor is flowing. In classic resource dependence theory style, those industries sporting strong government connection and support are strong candidates for state transmission mechanisms.
Using this approach, we can be confident that three of the largest mechanisms for transmitting fascist policy in the US are finance, healthcare, and education.
Monday, June 22, 2015
Transmission Mechanisms
Labels:
capital,
competition,
Depression,
education,
EU,
health care,
intervention,
markets,
moral hazard,
regulation,
socialism,
taxes,
war
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