August 15, 2006

Andrew Bosworth gives a lesson on 'Neo-Fascism 101'.
Economic fascism is based a merger of big business and big government. Sometimes, a formal corporatism emerges; other times, the private sector (monopolies and oligopolies) simply pass over into the public sector (as in the US), capturing the state and using it to wage that most profitable of activities: war. This later scenario is what happened in the United States, and the incestuous relationship between Big Business and Big Government ushered in a new Gilded Age of cronyism and corruption. Benito Mussolini was clear: "Fascism should more appropriately be called Corporatism because it is a merger of State and corporate power."

For the Middle East, the preconditions of mature capitalism (and thus fascism) simply do not exist.


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