Sam Karnick of the Heartland Institute has written a sharp essay arguing that “fake capitalism” is our mortal enemy.
For many years, we’ve been drifting away from real (laissez faire) capitalism and into what really amounts to fascism, whereby privately owned companies are dragooned into the service of the state. But most people still think that we’re living under the real thing, and thus come to blame “capitalism” for a host of woes caused by state intervention. Naturally, the statists then use those complaints to bolster their push for still more interventionism.
Karnick writes, “Fake capitalism does not work for you. It works with and for the government to push you deeper and deeper into subservience to a network of elites who think alike, act alike, and benefit from each other’s power grabs.”
Alas, most of the country’s big business leaders are now practitioners of fake capitalism.
Read the whole thing.