There’s a new buzzword these days, Public Private Partnerships. It’s being touted by politicians as a good thing. We see it at the local, state and federal government levels. Agenda 21/ICLEI/Smart Growth is based on it as witnessed by all the corporate interests supporting the sustainability movement.
Another buzzword, “crony capitalism” is also being bandied about. The payola political system is the subject of comedian’s sneers on all the late night shows.
Back in the 1920s and 1930s, this merger of corporate and political interests was known as “corporate fascism.” Benito Mussolini said, ” Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power. “
The Concise Encyclopedia of Economics clarifies, ” As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism,”
This video is a 38 minute interview Roger Fredinburg did with James Pool, the author of “Who Financed Hitler” and “Hitler and His Secret Partners” in 1997. It’s an excellent example of how quid pro quo politics was played then, much as it’s played now.