Are we there yet ? - Mercedes-Benz Forum

 
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post #1 of 2 (permalink) Old 12-06-2008, 11:30 PM Thread Starter
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Are we there yet ?

Certainly well on the way. The housing market is rapidly being "denatured" and banks are under marching orders to help the "national interest".

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Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically. In doing all this, fascism denatured the marketplace. Entrepreneurship was abolished. State ministries, rather than consumers, determined what was produced and under what conditions.Fascism: The Concise Encyclopedia of Economics | Library of Economics and Liberty
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post #2 of 2 (permalink) Old 12-07-2008, 01:27 PM
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Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism nationalized property explicitly, fascism did so implicitly, by requiring owners to use their property in the “national interest”—that is, as the autocratic authority conceived it. (Nevertheless, a few industries were operated by the state.) Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically. In doing all this, fascism denatured the marketplace. Entrepreneurship was abolished. State ministries, rather than consumers, determined what was produced and under what conditions.Fascism: The Concise Encyclopedia of Economics | Library of Economics and Liberty


Huh? Say it again!
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