I often provide definitions of crony or state capitalism and advise folks to look into the career of Benito Mussolini, to see how he applied the principle in fascist Italy of the 1930s and 1940s.
However, many today will look at economic/political “isms” and reinterpret the significance of their observation. They look with postmodern-style “relative truth” and interpretation which overlooks fact in order to confirm their own political slants.
They’re perfectly happy confirming what they continue to believe is acceptable, as it had been in the past U.S. system. If they ignore history they do so at their and the country’s peril. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment