Socialism (8) American Corporatism

Claiming that the economic system that operates in the United States is superior to socialism is misleading. Most American corporatism’s big businesses collude with the government to protect their patch. They cluster in Washington DC, looking for subsidies and bailouts, and press for laws that protect them from real competition. American corporatism is socialism for big business.

Claims that corporate socialism is superior to ordinary socialism will not work. Under corporatism, government money and power flow to the benefit of big corporates and then on to their wealthy owners. The classic example is the government generosity to the big businesses that caused the Global Financial Crisis in 2008. Those who criticise socialism, but remain silent about follows wealth, money and power to the benefit of big business are being dishonest.

Neither corporatism or socialism are ideal economic systems. Both have serious flaws. The ideal economic system is God’s Economy under the Government of God.