Title: A Fascist Manifesto
Product review: The state is getting more and more deeply involved in business, even taking controlling interests in some private companies. And the state is even trying to "make policy" for private companies they do not control, but merely "help" with "infusions of capital," as in the recent call for salary caps for certain CEOs. So state power is growing at the expense of corporations.But that's not socialism. Socialism rests on a firm theoretical bedrock: the abolition of private property. I haven't heard anyone this side of Barney Frank calling for any such thing. What is happening now-and Newsweek is honest enough to say so down in the body of the article-is an expansion of the state's role, an increase in public/private joint ventures and partnerships, and much more state regulation of business. Yes, it's very "European," and some of the Europeans even call it "social democracy," but it isn't.It's fascism.
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