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| TARP is fascism |
At Real Clear Markets, here:
The United States would appear to be well on its way to adopting fascist Italy's political-economic system, favoring the politically-connected while starving entrepreneurs out of the economy. Although today in America, we call it "crony capitalism". And the people who practice it "progressives".
Do you think we should start calling it what it really is?
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This blog was born of the observation here in 2009, and I think first used the term in the specifically financial sense involving not just banking, but housing, a year later, here. Since those days, however, we've decided England invented fascism long before Mussolini did and founded America on the principle, but the English undoubtedly got it from the great old Roman idea of the patron-client relationship.
