If you don’t know the difference between capitalism and corporatism you may be laboring under false ideas such as that the American dream and 100% free markets are real. America is actually a mixed economy. Many older Conservatives were shocked and angered by the policies of Obama and now Biden. But corporatist policies have been changing our nation for many years. The Reagan years were an exception and even then there was not a complete reversal of progressive policies, only a necessary adjustment to repair the damage of the previous 10 years of meddling in the economy.
As we move towards an economy with fewer jobs that actually pay enough to afford housing and healthcare and transportation, the only way that people in the lower paying jobs will be able to survive is through income redistribution. Social planners knew this and they have been constructing the system for 100 years. Jobs programs and direct cash payments are needed to prevent societal collapse in a system that no longer has enough entry-level and non-technical jobs. This is income redistribution: the people with businesses and good jobs supporting the people with bad jobs.
We all know that Biden’s plan to ‘pay off’ student loans, is just to get votes. But it has had the usual and desired effect of causing anger and division amongst the people who feel they are getting ripped off. People don’t seem to remember the trillions that the government has given away for Covid checks and to Ukraine and to bailout banks and automakers and to fund big pharma’s vaccines. Or maybe they do and they supported those policies. We are a divided nation.
This Wikipedia article has some good explanations of the different varieties of corporatism and history.
Remember to vote in November! But don’t think that anything is going to change. The world is too far gone. We are not going to stop the progress of corporatism.
I am preparing a blog of The Point of No Return, probably for next year, or at least after November elections. “The world is too far gone” epitomizes the epitaph that I will probably steal for the title of the blog, unless I just use Point of No Return.
As for the politics of corporatism, I suspect it got its biggest boost from our first truly socialist president, FDR, who expanded the Great Depression past the borders of NY and CA until he conned everyone into going into WW 2 to get out of it.
Going into WW 2 was probably the right thing to do, but FDR wanted it for all the wrong reasons, and we still have his boondoggle leftovers that continue to evolve like octopi to strangle American freedoms.
If only corporations would pay people a living wage we wouldn’t need government programs or NGOs running food banks out of church basements.
I am a capitalist but believe that corporations have a mission beyond maximizing stock holder value.
I agree with you. One problem is that anti-trust laws are no longer being enforced. https://equitablegrowth.org/research-paper/the-state-of-u-s-federal-antitrust-enforcement/?longform=true#antitrust_enforcement_activity
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