Tag: Corporatism

The Specter of Centrally Planned Economic Fascism Continues to Hover over the United States »

During World War II, the U.S. government created and operated a system of fascist central planning. (I have described this system in my books Crisis and Leviathan and Depression, War, and Cold War.) After the war, much of this system was abandoned, but it was revived in large part during the Korean War, and...
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Crony Capitalism Comes With Big Government »

Economic policy issues often divide on “pro-business” and “pro-government” arguments, with the pro-government side arguing that we need big government to correct the failures of the market, regulate business activity, and stand up to crony capitalism. The problem with this pro-government view is that crony capitalism inevitably comes with big government. In a democracy...
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France Fines Google: Is Atlas Shrugging? »

In Ayn Rand’s novel, Atlas Shrugged, published in 1957, businesses push government to pass law after law that aids weaker businesses by penalizing successful ones. There’s the “Anti-Dog-Eat-Dog Rule” to prevent destructive competition among firms in an industry, and the “Equalization of Opportunity Bill” that limits the number of businesses one person can own....
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We Don’t Need No Stinkin’ Evidence »

I posted earlier about the provisions of the New Years Eve-signed National Defense Authorization Act (NDAA) a/k/a the “Homeland Battlefield Bill,” allowing the President of the U.S., at his or her sole discretion, to order the indefinite detention of any U.S. citizen, with no burden of proof whatsoever, and no recourse for the detainee—in...
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Take or Pay at the EPA »

A story by Matthew Wald in the New York Times on January 9th demonstrates the poverty of governmental attempts to pick “winners” in the realm of green technologies, the wasteful subsidy programs supporting that policy goal and the huge costs for the private sector of being unable to march to Washington’s tune. Among its...
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Robert Higgs Is Interviewed on The Peter Schiff Show on the Folly of Government Interventionism »

Senior Fellow Robert Higgs is interviewed here by Thomas Woods on “The Peter Schiff Show.” Dr. Higgs discusses how the federal government prolonged and deepened the Great Depression of the 1930s that lasted until after World War II when such policies were either ended or radically reduced. Moreover, the current attempts at central-government planning...
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President Obama and “Occupy Wall Street” »

I don’t get it. Here is an article saying that President Obama is “riding the populist wave” of the “Occupy Wall Street” movement, giving him ” his best chance to reconnect with the American people.” These Occupy Wall Street people claim to represent the 99% against the elite 1% who are getting rich by taking...
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Richard T. Ely’s Social Gospel of “Progressivism”: Socialism, Fascism, Racism, Eugenics and Militarism »

In a recent podcast interview (please see below) of the economist Clifford F. Thies at Econ Journal Watch (EJW), he discusses the ideas and impact of Richard T. Ely (1854–1943), the highly influential “Progressive.” Ely was co-founder, first Secretary, and subsequent President of the American Economic Association (AEA), that continues to take great pride...
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More “Green” Energy Cronyism and Corporate Welfare »

The New York Times reports in “A Gold Rush of Subsidies in Clean Energy Search” that NRG Energy is receiving nearly $1.6 billion in government subsidies for its new compound in California of almost one million solar panels. The Times further notes that: Similar subsidy packages have been given to 15 other solar- and...
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Biodefense Cronyism and Corporate Welfare »

In the aftermath of the Solyndra cronyism debacle, the Los Angeles Times now reports that a no-bid contract was awarded last May to a firm controlled by a billionaire Obama supporter for the highly unlikely national security threat of a small pox attack: Over the last year, the Obama administration has aggressively pushed a...
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