Wednesday, January 30, 2008

Fascism revisited

Jonah Goldberg excerpts himself thus:
The fascist bargain goes something like this. The state says to the industrialist, “You may stay in business and own your factories. In the spirit of cooperation and unity, we will even guarantee you profits and a lack of serious competition. In exchange, we expect you to agree with—and help implement—our political agenda.”
I still don't see how Goldberg concludes that all government economic activism fits this template. In particular, antitrust policy is clearly intended to do the opposite of "guarantee you profits and a lack of serious competition," and whatever the faults of antitrust in practice, I doubt that companies like IBM and Microsoft that fought long and hard against antitrust actions thought they were really colluding with the government.

More on this here and here.

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