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Comment Re:so (Score 1) 136

Fascists economics are economics run by the state, with a number of state-backed corporations. However, the meaning of the word "corporation" in fascist parlance is very different from the regular meaning of that world in English language. It's supposed to be more of an association based on some common industrial affiliation, to act as a single body (hence "corpora") representing the common interests of its members, rather than as a profit making engine. For example, industrial associations are fascist corporations, but so are trade unions and trade guilds (which fascists pushed as an alternative to unions). The proper translation of this term to modern English is "corporate group", in sociological meaning of the word.

This is very different from the present corporation-dominated Western capitalism. Such existed back then, too, and fascists were very much against it.

Comment Re:Free market will sort it out (Score 1) 254

A lot of people (esp. libertarians) don't realize that the original definition of free market was all about competition, and not strictly about regulation (so regulation that guarantees competitiveness, such as monopoly busting, is in fact an integral part of it). In today's libertarian parlance, free market = unregulated market.

Comment Re:Free market will sort it out (Score 1) 254

you have no freedom to publish your identity nor does the other party publish his, so no trust relations can be created based on long term reputation.

That's not quite true. You can absolutely publish your identity, and you can verify it (with digital signatures etc). What you can't do is tie it to your real identity. But when all your reputation is tied to that market in the first place, it doesn't actually matter.

Comment Re:meanwhile (Score 1) 342

It's an oft-repeated adage, and is obviously wrong (or rather deliberately ignores the bigger picture). Yes, expenses of businesses are passed on to their customers, but the reverse is also true: expenses of customers are passed onto the businesses just the same (if I have less money, I buy less stuff). Money doesn't flow like a river in economy, it doesn't have the beginning and the end - it's a never-ending loop. It doesn't make any sense to focus on the business -> person part of it, and ignore the equivalent person -> business part. But if you do that, then the argument doesn't really make any sense: why is it wrong to tax the flow at one point, but not the other? The whole "double taxation" thing makes zero sense, because all money is double- and triple- and quadruple-taxed as it changes hands - tax is on the flow, not on the money itself!

Comment Re:meanwhile (Score 1) 342

probably money they will loan to Average Joe who can't afford a new car/quote.

The double irony is that when Average Joe will pay out that loan, he'll do so out of his wages which was taxed at 10%. But when Mr. CEO gets the interest (which comes from Joe's money, after the bank takes its cut), he'll pay capital gains tax on it rather than income tax, and that is lower - say, 5%.

So, in right wing lexicon, Joe is "punished" for earning money by working and producing wealth!

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