Rush is right. We no longer have free market capitalism in America, instead we have crony socialism. Basically it’s “Third Way Socialism” or “Fascist Corporatism” as it was known in Mussolini’s Italy. Big business partners up with the with the government and surrenders control of its destiny in exchange for creating a monopoly for itself. In the short term they get to eliminate their competition, which is super attractive to them. Later on they come to realize the made a deal with devil, since henceforth the government gets to pick the winners and losers in the economy, but by then it’s too late. Likewise, President Obama has suckered the corporations into supporting him , just as his mentor Saul Alinsky taught.
“The internecine struggle among the Haves for their individual self-interest is as shortsighted as internecine struggle among the Have-nots. I have on occasion remarked that I felt confident that I could persuade a millionaire on a Friday to subsidize a revolution for Saturday out of which he would make a huge profit on Sunday even though he was certain to be executed on Monday.”
—Saul Alinsky, Rules for Radicals P.150
“In the old days company A in the same business as company B and therefore competing with company B would try to beat company B with a better product and better customer service, lower prices, better retail op, whatever. The competition took place in the market between company A and company B. With the advent of Barack Obama, somebody willing to co-opt the private sector and use it and therefore control it, the seductive nature of that appealed to quite a few CEOs. And so now company A does not compete with company B directly. Company A competes with company B by aligning with government, rendering company B helpless. “
“For example, let's use, as the Red State piece does, Walmart. In the old days, if a Democrat liberal comes along and wants socialized medicine, national health care, the assumption would be that there isn't a company in the world that will want to go along with this, because the people that run companies are interested in free markets and freedom and liberty, and open competition and so forth. It might appear attractive to them in the sense that maybe they'd like to get rid of the health care expense. But what's changed is that Walmart is happy to support Obama and Obamacare as a means of competing with company B and company C, because they are so is big, they can afford whatever new costs that Obamacare presents them.”
“As they support Obama, they're in good stead with Obama, and Obama treats them well and maybe gives them some breaks and some waivers or what have you, that company B doesn't get. Company B can't afford Obamacare, and so company A wins without having to be any better. It's just their alliance with government that overpowers company B. Another example from the story, Costco. You would think that no legitimate private sector business would ever be in favor of raising the minimum wage. Costco is. Why? They can afford it, and they know that their competitors can't.”
“So they associate with the government, the government becomes their best buddy, again granting them waivers on Obamacare or other things that come down the pike, all for supporting Obama's ideological desire of raising the minimum wage, and whatever happens to the market is of no consequence. All that matters is that company A, in this circumstance, is winning by virtue of its alliance with government.”
“Financial services companies, same thing. They are protected if they support Obama. What do they do? Well, look, the stock market is going through the roof while the economy's contracting. How's that happen? One of the ways it happens is the Federal Reserve is printing money and giving it to the stock market and people that invest in the stock market.”
By Epictetus
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