Corporatism

Free Market Capitalism vs. Crony Capitalism

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In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral profit making. What is often difficult to get people to understand is that this misplaced conception of “capitalism” has nothing to do with real free markets and economic liberty, and ... [click for more]

Lincoln-Worship Overlays the Corporatist Agenda

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Lincoln Unbound: How an Ambitious Young Railsplitter Saved the American Dream — and How We Can Do It Again by Rich Lowry (HarperCollins 2013), 390 pages. One of the central themes in James Scott’s Seeing Like a State is the ideology he calls “authoritarian high modernism”: It is best conceived as a strong (one might even say muscle-bound) version of ... [click for more]

Corporatism as Theory and Practice

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When I first discovered corporatism, about 1966, it was not exactly a household word. The term was known only to specialists, who mostly looked for it in the recent (pre–1945) past. Between about 1960 and the early 1970s, a few New Left and libertarian scholars stirred up greater (but still quite small) interest in this arcane term. My original ... [click for more]

TGIF: Will 2016 Be a Good Year for the Corporate State?

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If you share my belief that the major obstacle to the free society is the national-security/corporate state, 2016 is shaping up to be a year of apprehension. The Wall Streeters, who are among the biggest advocates of partnership between big government and big business, are looking forward to a presidential contest between Hillary Clinton and Chris Christie, a contest ... [click for more]

Another Day, Another Bailout

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Well, the Cypriot banking crisis has been “resolved.” It is being reported that the government in Nicosia has agreed to a deal with the European Union (EU) and International Monetary Fund (IMF) lenders. The deal involves a large loan from the European Central Bank (ECB), the imposition of austerity measures and capital controls, and the restructuring of the country’s ... [click for more]

Obama’s “No Fly” List for FedEx and UPS

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The Obama administration is notorious for crony capitalism, through which big businesses reap huge riches by virtue of their cozy association with government. Big oil, big car companies, big agrobusinesses, big banks, and big drug corporations are among the legally privileged cronies who are profiting at the expense of nonprivileged competitors and of customers who pay higher prices. Now the ... [click for more]

Government Dependency and Corporatist America

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Mitt Romney’s comment that 47 percent of Americans don’t pay taxes and therefore are not likely to respond positively to his stated opposition to tax increases has been called a “gaffe.” This reminds me of Michael Kinsley’s quip: “A gaffe is when a politician tells the truth — some obvious truth he isn't supposed to say.” Romney was only half right, ... [click for more]

Political Capitalism in Action

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On April 26, the Cyber Intelligence Sharing and Protection Act (CISPA) passed the House of Representatives by a vote of 248 to 168. CISPA seeks to grease the sharing of data about people between government and big business. CISPA states, The Director of National Intelligence shall establish procedures to allow elements of the intelligence community to share cyber ... [click for more]

Barack Obama: Corporatist

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Last November, President Obama stood before an audience and said government needs to be “responsive to the needs of people, not the needs of special interests.” He added, “That is probably the biggest piece of business that remains unfinished.” He made these remarks, the New York Times reports, before a $17,900-a-plate fundraising dinner at the home of Dwight and ... [click for more]