Obituary: American Capitalism
American Capitalism, the economic system based on free will, ethical trade, and supply and demand that enabled America to evolve from a frontier nation to world history’s richest most productive and powerful nation was recently replaced by fascist Marxist nationalism by greedy oath breaking Republican and Democrat politicians.
In Marxist economic systems, all property and means of production are owned by the state too serve the poor better known as public subsidy addicts. In fascist nationalist economic systems all property and means of production are owned by private citizens, but are so regulated by the state for non-conservative aristocrats that eventually there is little difference between Marxist and fascists nationalist economic systems.
Consider governments’ contemporary role, using confiscatory taxes to redistribute wealth, regulating interest rates to manage economy based on credit not assets, control dispersal rates for private retirement accounts, control distribution requirements for public subsidy addicts’ free services and products including mortgages. Now governments are going to “buy into” banks, financial institutions, and eventually other business; even if owners do not want too sell to government.
Seems ironic that what Baby Boomers call compassion, their parents called extortion. Times have changed beyond belief for those, Baby Boomers describe as being “America’s greatest generation”, The greatest generation fought a war to not be part of Hitler’s Nazi fascist nationalist economic system. While Baby Boomers like Bush II, McCain, Obama, anti conservative aristocrats, U.S. Senate and Congress, along with a majority of other Americans will apparently do anything to get their “credit fix” or “entitlement fix” from their messianic nanny government.
