Oooh, That Smell
Matthew Vadum writes, "There is a whiff of Fascism emanating from the Obama White House":
Although there have been some incidents of government exercising minor control over industry during wartime, this aggressive assault on American capitalism is unprecedented and should give all Americans who care about freedom pause.And that quote from Il Duce (who saw a kindred spirit for a time in FDR) dovetails remarkably well with Arnold Kling's Progressive Corporatism thesis--which of course also dovetails quite well with Newsweek's infamous cover story from February.
Strict government control over businesses is the essence of Fascism, or more precisely, Mussolini-style corporatism. As Mussolini said, "Fascism should more appropriately be called corporatism because it is a merger of state and corporate power." Corporatism boils down to this: government tells industry (and labor) what to do and they do it for the supposed good of the country.