What’s The Difference Between Fascism, Communism And Crony-Capitalism? Nothing
by Charles Hugh-Smith
ZeroHedge.com
04/16/2014
The essence of crony-capitalism is the merger of state and corporate power–the definition of fascism.
When it comes to the real world, the difference between fascism, communism and crony-capitalism is semantic. Let’s start with everyone’s favorite hot-word, fascism, which Italian dictator Benito Mussolini defined as “the merger of state and corporate power.” In other words, the state and corporate cartels are one system.
Real-world communism, for example as practiced in the People’s Republic of China, boils down to protecting a thoroughly corrupt elite and state-owned enterprises (SOEs). The state prohibits anything that threatens the profits (and bribes) of SOEs–for example, taxi-apps that enable consumers to bypass the SOE cab companies.
The Rest…HERE
