Government controlled capitalism, a form of socialism called fascism, described as
the vampire economy.
"What is sometimes referred to as "authoritarian capitalism," or
fascism, is in fact a variety of statism, specifically socialism, the
system of political economy in which the prerogatives of ownership over
the means of production and distribution are vested in the state. Under
the fascist economic system, private capitalists are nominally regarded
as the owners of the means of production, meaning that they hold
property titles to these assets and are referred to as "owners" of these
assets. However, this so-called ownership is merely illusory. The
actual prerogatives of ownership are vested, not in the private
capitalist, but in the state and its bureaucracy.[1]
It is the state that tells the private capitalist how he must use "his"
property, under the threat of confiscation or even imprisonment. In the
words of economist Ludwig von Mises, it is "socialism in the outward
guise of capitalism."[2]
This is a very different political-economic system from "liberal
capitalism," also known as "free-market capitalism." Free-market
capitalism is an authentically capitalist system, in which the
prerogatives of ownership over the means of production are vested in
private citizens, not in the state. Under this system, the means of
production are genuinely privately owned, and the
private-property owner holds, not just a property title, but, more
importantly, the actual prerogatives of ownership and ultimate control.
In the system of free-market capitalism, the private-property owner is
regarded as having property rights (i.e., an enforceable moral
claim to the prerogatives of ownership) that must be respected by all
others, including the state and its functionaries."
Who can resist an article with that opening? It's pretty easy to see what live in the former system, not the latter.
"There is a difference in emphasis and in strategy between fascism and
Communism.… When faced with existing institutions that threaten the
power of the state — be they corporations, churches, the family,
tradition — the Communist impulse is by and large to abolish them, while the fascist impulse is by and large to absorb them."
That's an interesting distinction we see with how the US deals with the internet compared to China and other countries. China just bans stuff on the internet it doesn't like. The US attempts to control the internet through regulation. The regulation method is more subtle and more damaging. For example, a former Soviet once talked about how nobody in the Soviet Union believed Pravda because it was run by the government, but in the US, there are thousands of media outlets which appear to be independent but which in reality are all controlled by the government.
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