In the wreckage of the 2009 ﬁnancial crash, many thought ‘business as usual’ would turn out to be instantly unsustainable. The ﬁnancial sector’s collapse epitomised the failure of big, unregulated business, driven by brief-term proﬁt on the expense of the lengthy-term pursuits of the business, and of society.
Quasi-corporatism: America’s Homegrown Fascism
In the primaries, the corporatist worldview typically was embraced by most major GOP candidates, with the notable exception of Trump. Similarly, the race for the Democratic nomination pitted former Secretary of State Hillary Clinton, a legendary magnet for company cash and favor-granting, towards Sen. Bernie Sanders, a crusty septuagenarian with openly socialist leanings. That Trump gained, and Sanders, in opposition to determined opposition in the Democratic institution, virtually beat Clinton, reveals simply how sturdy the populist pressure has turn into across the political spectrum.
According to economist Robert Murphy, the solution to combat rich folks having “political pull” … Read More