Business Socialism

The predominant species of socialism these days is business socialism, and conservatives are strangely silent about it. In the last few decades, businesses have captured the political process and milked it fairly effectively. The biggest dole out to bludgers of taxpayer largess have gone to finance companies and participants in the banking system. They were the first to get into this game. These businesses have made huge mistakes over the last few decades, but they are protected from the consequences by a myriad of laws, regulations and hand-outs.

Now with the Covid crisis, many other businesses have become used to handouts from the government, especially those in the tourism industry.

If a person on the unemployment benefit does not turn up for a job interview, they get their benefit docked for several weeks. If a business fails, limited liability kicks in and assets in the family trust are protected.

The garden-variety socialism uses political power to shift resources towers the poor and weak. Business socialism using political influence to shift resources and legal privilege towards business.