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DWAnderson

3 months ago

in Are We Flirting with Fascism? on Will Wilkinson
"No one is going to let the US government interfere with healthy (non-bailed) companies."

Maybe you did not intend this to be a broadly stated, but it is absurd on its face. Many industries are subject to extensive regulation and receive various types of subsidies. If those do not constitute interference, then "interference" is so narrow as to be meaningless.

You can argue about the positive or negative effects of the interference, but it is pretty hard to argue that it does not exist.
2 replies
odograph BTW, by the definition of the day, is Sweden "fascist?"
odograph I meant it in terms of the status quo, or there abouts.

I continue to see the US in the wider context of democratic market economies. They all find a balance, and as far as I know none are completely without market regulation.

3 months ago

in Are We Flirting with Fascism? on Will Wilkinson
Perhaps, but the government has a tendency to make offers that companies can't refuse. This is certainly what happened to Wells Fargo and Goldman Sachs with respect to TARP funds. Additionally, if all your competitors are being offered subsides in exchange for doing the bidding of Washington, it is hard to be a holdout. That's why it is best to have rules against this sort of behavior that both companies and the government are compelled to follow. I know that is easier said than done.
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