Corporatism

I have long believed that Socialism is freedoms biggest enemy. I now beleive that Corporatism or Mercantilsom is a much bigger threat. Like the devil, Corporatism guises itself from what it really is. When big business cuddles up to big goverment, people lose.

Look at the bailouts and who received the money. Small business, ordinary people? No, of course not. Sadly the Republicans are just as bad here as the Democrats.

One of my favorite authors is Tom DiLorenzo who has written some fascinating books like Hamilton's Curse and How Capitalism Saved America. What we now have is a system of Mercantilsm or 'Crony Capitalism' that is often referred to as the free market. Another recent book I am reading is Obamanomics which chronicles some of President Obama's big business relationships.

In Hamilton's curse, DiLorenzo explores how Alexander Hamilton's influence eventually won out in America. This has setup a system where the Federal Government robs the citizens through all kinds of taxes (and borrows heavily) and then redistributes to favored and well connected patrons.