"Early Warning Signs of Fascism"

Oh.  This is in regards to Republicans.  That makes sense.  The early signs
for President Obama have been around since he was elected.

Anyway, what do you define as fascism.  It means different things to
different people.

Here's a definition from Sheldon Richman's "Concise Encyclopedia of
Economics"

In its day (the 1920's and 1930's), fascism was seen as the happy medium
between boom-and-bust-prone capitalism, with its alleged class conflict,
wasteful competition, and profit-oriented egoism, and Marxism, with its
violent socially divisive prosecution of the bourgeoisie.

Where socialism abolished all market relations outright, fascism left the
appearance of market relations while planning all economic activities.
Where socialism abolished money and prices; fascism controlled the monetary
system and set all prices and wages politically.

Under fascism, the state, through official agencies, controlled all aspects
of manufacturing, commerce, finance, and agriculture.  Licensing was
ubiquitous; no economic activity could be undertaken without government
permission.  Levels of consumption were dictated by the state, and "excess"
incomes had to be surrendered as taxes or "loans".

To maintain high employment and minimize popular discontent, fascist
governments also undertook massive public-works programs financed by steep
taxes, borrowing and fiat money creation*. *


That is

As an economic system, fascism is socialism with a capitalistic veneer.




J

-

Ninety percent of politicians give the other ten percent a bad reputation.
- Henry Kissinger

Politicians are people who, when they see light at the end of the tunnel,
go out and buy some more tunnel. - John Quinton


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