Sunday, April 12, 2009

Corporatist America

Steven Malanga has a great essay at Real Clear Markets that is a must read for anyone looking to understand how the Obama administration is looking to fundamentally change and ultimately control our economic way of life.

"Obama and the Reawakening of Corporatism" rejects that Obama is merely drifting toward socialism. Instead,

it is to corporatism, the notion that elite groups of individuals molded together into committees or public-private boards can guide society and coordinate the economy from the top town and manage change by evolution, not revolution.

Either way, it is a rejection of traditional market capitalism. Read more here.

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