Originally Posted By RonaldMcflurry⏩

Most of these companies wouldn’t exist without government support and regulations. That ain’t capitalism fking us up, it’s communism. Corporate communism. Cronyism.Fascism.

Corporatism: the control of a state or organization by large interest groups.

Corporatism became one of the main tenets of fascism, and Benito Mussolini's fascist regime in Italy advocated the collective management of the economy by state officials by integrating large interest groups under the state; however, the more democratic neo-corporatism often embraced Tripartism.

Similarly, even as authoritarianism is rapidly rising in the US and citizens are losing their rights (see a reminder from last weekend, a major New York Times story on how widespread use of arbitration clauses is stripping citizens of access to the court system*), one runs the risk of having one’s hair on fire if one dares suggest that America is moving in a fascist, or perhaps more accurately, a Mussolini-style corporatist direction. Yet we used that very expression, “Mussolini-style corporatism,” to describe the the post-crisis bank bailouts. Former chief economist of the IMF, Simon Johnson, was more stark in his choice of terms, famously calling the rescues a “quiet coup” by financial oligarchs.

“The really dangerous American fascists,” Wallace wrote, “are not those who are hooked up directly or indirectly with the Axis. The FBI has its finger on those. The dangerous American fascist is the man who wants to do in the United States in an American way what Hitler did in Germany in a Prussian way.The American fascist would prefer not to use violence. His method is to poison the channels of public information.

“With a fascist the problem is never how best to present the truth to the public but how best to use the news to deceive the public into giving the fascist and his group more money or more power.”

Mussolini was quite straightforward about all this. In a 1923 pamphlet titled “The Doctrine of Fascism” he wrote,“If classical liberalism spells individualism, Fascism spells government.” But not a government of, by, and for We The People; instead, it would be a government of, by, and for the most powerful corporate interests in the nation.

“American fascism will not be really dangerous,” he added in the next paragraph, “until there is a purposeful coalition among the cartelists, the deliberate poisoners of public information….”

Noting that, “Fascism is a worldwide disease,” Wallace further suggest thatfascism’s “greatest threat to the United States will come after the war” and will manifest “within the United States itself.”

I think what has been so confusing for people is that in the past the corporations and the fascist movement was on the right, not on the left. It wasn't long ago that team blue was at least outwardly against the out-sized power of big business. So we have liberal fascists claiming that moderates and conservatives are the fascists.

https://www.nakedcapitalism.com/2015...in-the-us.html

Originally Posted By FA*******⏩

This is the Cliffs of Cliffs graph right here. Stock prices have stopped following organic GDP growth for over a decade, and are now fueled purely by currency debasement. If the debasement ever stops... say a central bank needs to fight inflation or something... they could fall as low as that GDP floor.

I don't think the debasement can stop at this point though. Our govt is way too broke to borrow money at non-printer prices.

That's a hell of a chart.

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Originally Posted By DolphinPilot⏩

Wow everything is trans nowadays, huh..

I just started my new job, toomaking great money and hitting a nice new stride in my career. Oh well just ride it out I guess..

manufacturing industry usually stays afloat fam.

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Originally Posted By SaviorSelfJT⏩

So we’re in stagflation now right? Inflation plus GDP contraction

A lot of our GDP is government spending. Our government has been spending like a drunken sailor on shore leave.

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