Sowell: Government's Current Role in Business the 'Route' to Fascism
The media have lamented use of the word fascism when it has been used to describe moves by the Bush and Obama administrations and the private sector economy.
But when examined from a purely political and economic point-of-view, that is what‚Äôs going on now according to Thomas Sowell,
‚ÄúOh, heavens, partially,‚ÄĚ Sowell replied. ‚ÄúWe‚Äôre not a socialist country, because the socialists believe in government ownership of the means of production. But, the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that‚Äôs the route we seem to be going.‚ÄĚ
A textbook definition explains that fascism embodied corporatism, which is an economic structure controlled by the government. Sowell said that‚Äôs exactly what is happening in some sectors of the
Beck: So what route is that again?
Sowell: That the private people still own the businesses but the politicians tell them what to do.
Beck: Right, but isn‚Äôt that, I‚Äôm trying to remember, that‚Äôs uh‚Ä¶
Sowell: That‚Äôs fascism.
Beck: Yes, I was going to say, I knew it was a bad one. And I was going to say, I think that's fascism. Yeah. OK. Well you‚Äôre a crazy lunatic. Why would you say we‚Äôre going down a fascist road? Um, go ahead.
Sowell: Only because we are.
Sowell argued it would take a ‚Äúcalamity‚ÄĚ for people to realize that fascism is taking place ‚Äď the issue being just how big it would be before the public could connect the dots.
‚ÄúWell to do that, they would have to think,‚ÄĚ Sowell explained. ‚ÄúAnd this whole personality cult has caught on in such a way that it is going to be a while before people start thinking. It is a question of how big of a calamity is it gonna take before they snap out of it.‚ÄĚ
‚ÄúGosh, I hate to make predictions but I think the economy is, is gonna be permanently changed for the worse,‚ÄĚ Sowell said. ‚ÄúI think our foreign policy is gonna lead to changes that will be definitely for the worse, particularly if we drift into a nuclear Iran, which I gather that‚Äôs what the administration is doing.‚ÄĚ