State Capitalism Comes to America

thenation.com — Though the particular arrangements may vary from one nation to another, under state capitalism government is the senior partner in the economy. Under state capitalism, the economy is manipulated to meet government set goals. Under state capitalism, Washington rules. Under the Freddie and Fannie takeovers, an enormous segment of the American economy has been turned over to the government, with the enthusiastic approval of the industries concerned.

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