Sunday, October 18, 2009

Barack Obama and fascism

The Concise Encyclopedia of Economics provides the following explanation of fascism:
Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it....Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities.
Isn't this pretty much what Barack Obama and the Democrats are trying to do to America?

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