Sheldon Richman, a progressive, Marxist libertarian

 "Most of the old rules are rubbish ... divisions ... wither away with each generation".

Pittsburgh Tribune Review Agrees Obama Is Essentially A Fascist

According to an editorial in Saturday's Pittsburgh Tribune Review, here, agreeing with John Mackey the CEO of Whole Foods, Obama is essentially a fascist. The editorial approvingly quotes this definition of fascism by libertarian Sheldon Richman:

“As an economic system, fascism is socialism with a capitalist veneer. For those with the hubris to think they, not free markets, could better serve society, ‘fascism‘ (or as we prefer, 'fascistic economics') was seen as the happy medium between boom-and-bust-prone (classic) liberal capitalism, with its alleged class conflict, wasteful competition and profit-oriented egoism, and revolutionary Marxism.”

Just when you thought there's been no progress defining for the public who and what is Obama, a businessman and a newspaper provide some:

"The general parallels to Obamanomics are glaring. Throw in the specifics of ObamaCare — then consider forays into national industrial policy and state protection of organized labor cartels — and the parallels are blinding", the editorial says.

Not that America's odd mixture of socialism and capitalism is something new.

It was Herbert Hoover, as far as I know, who was the first liberal to identify the American phenomenon of a mixed economics. Hoover located it in the blended strongman presidency of FDR, which was based more on Roosevelt's admiration for Stalin, Mussolini and Hitler as leaders than it was on substantive convictions about the dismal science. The alphabet soup of government which we take for granted today is the direct descendant of Roosevelt's impulse to try something, try anything, until it worked. Well, they're still trying.

Under Roosevelt, perfectly good food was deliberately destroyed by government to keep it from reaching the market in order to support prices in a deflationary economy even as people went hungry all across the country. Today we deliberately devote half the corn crop to produce an expensive, politically correct fuel boosting the cost of food animals while the number of people on food stamps is at an all time high and consumer demand has fallen like a rock. In the immortal words of Curly, if at first you don't succeed, keep on sucking until you do succeed.

But Hoover the loser was on to something, even if calling the man who beat him an un-American dictator lover was beyond the pale for some people. History eventually proved Hoover right when FDR broke with American tradition dating from the founding by running for a third term, and then a fourth. It took until 1951 for the American people to wake up and put a stop to that, with the ratification of the 22nd Amendment. Some dictators are assassinated, others just end up in the circular file. In many ways, Roosevelt simply out-Hoovered Hoover's own liberalism. People forget that FDR ran on what amounted to a repudiation of Republican liberal economic interventionism in the economy, and promptly ramped it up beyond anyone's imagination after he was elected.

But the blended system in America surely began much earlier. We could dial it back probably all the way to Lincoln himself, which would be fitting if only because the current occupant of The White House who practices fascism goes to such great pains to style himself after him, the president who chose to make the principle of national union over sovereign States the new definition of America. That fact of working a revolution, of remaking the country, should trouble everyone who has an ounce of independence left flowing through his veins, which is what troubles so many people who hear Obama speak of transforming the country. For half of us, one such revolution was enough.

This year we might do well to reflect on a later example, however, seeing that it is the anniversary of the abolition of private banking 100 years ago. It's strangely coincidental. The Federal Reserve Act was signed into law in 1913 by a fanatical progressive Presbyterian named Woodrow Wilson, a Democrat who hated the encumbrances placed upon government by the constitutional order and wanted to forge a new world where nations disarmed, lived in peace and cooperated toward a common goal, with the US not at its then natural place, at the head. The Federal Reserve Act was passed in thoroughly partisan fashion by Democrats who had swept to power in the election of 1912 and rammed it through the Congress without Republican support. Their dollar then is now worth 4 cents.

If Woodrow Wilson doesn't yet remind you of Obama and ObamaCare, maybe its because after 100 years of the pernicious effects of American style fascism, you're just too poor to pay attention.

With "You Didn't Build That" Obama Revealed We're No Free Market Economy

Barack The Builder-Thief

Consider Sheldon Richman, here, emphasis added:

"What we have—and have had for a long time—is corporatism, an interventionist system shot through with government-granted privileges mostly for the well-connected–who tend to be rich businesspeople. This system is maintained in a variety of ways: through taxes, subsidies, cartelizing regulations, intellectual “property” protections, trade restrictions, government-bank collusion, the military-industrial complex, land close-offs, zoning, building codes, restrictions on workers, and more. As a result, people can get rich at the expense of the government’s victims. Even some who have prospered apparently by market means have actually done so through government intervention, such as transportation subsidies and eminent domain. Wealth can be transferred in many ways besides welfare and Medicaid, some of them quite subtle. Most transfers are upward."

Obama's flub in "you didn't build that" wasn't some supposed expression of disdain for free-market capitalism, but rather a too-open affirmation of the collusion which exists in America between government and business, a collusion redolent of the fascism of an earlier era.

The line was supposed to be, before it blew up in his face, a gentle reminder to his peeps that they owe their continued success to his stewardship of this system of corporatist largesse. 

In stating the obvious Obama has let the cat out of the bag and proven himself an unreliable leader for the game of charades we call the free market economy. He let his guard down and opened a window on this uncomfortable truth about America, that in economics we consider our advocates of free market capitalism analogous to the preachers of fundamentalist Christianity. It's a free country and that's all well and good, as long as you're not really serious.

Obama's mistake is that he said all that out loud. He can be replaced.

(image source)

Adam Smith: Crony Capitalism is a Powerful Force Against Freedom

From Sheldon Richman, here, quoting Adam Smith:

"The proposal of any new law or regulation of commerce which comes from this order [that is, 'those who live by profit'], ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it."

Smith grew up under mercantilism and knew well of what he wrote. America grew up largely under mercantilism and its cousin, Hamiltonian-Lincolnian corporatism. In this respect advocates of the freed market should embrace Smith’s understanding of political economy: that a powerful force against freedom emanates from where they might least expect to find it.