Fascism is actually an economic system, of which “crony capitalism”, an illegitimate partnership between government and business, is an excellent example. Known otherwise as corporate socialism or simply corporatism, other eras (Adam Smith‘s for instance, in his book Wealth of Nations) have called it Mercantilism.
L. Neil Smith, “The American Zone”, The Libertarian Enterprise, 2016-03-20.
November 7, 2017
QotD: Crony capitalism
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