Friday, June 26, 2020

Corporate Socialism by Michael Rechtenwald

“For anyone wondering about corporate socialism and what I mean by it, it's very simple: State socialism is socialist only "on the ground." There's nothing "socialist" about the state itself within socialism. Those who run the state don't live according to socialist principles. They are the ruling elite. They control the means of production. They live like oligarchs, because they are essentially oligarchs.

The same goes for "corporate socialism." There's nothing "socialist" about the corporationists  who run the corporate socialist system. They are the ruling elite. They don't live according to socialist principles. They are oligarchs.

In both cases, socialism is promoted to and for the masses. Both are two-tiered systems: oligarchy on top, "socialism" on the ground. Both are monopolistic.

There is nothing pure in this world.

The difference between corporate and state socialism is just who is in control of the resources and the means of production--the state actors in one case, the corporatists in the other.

The difference between corporate socialism and mere cronyism is that under corporate socialism the corporate socialists promote socialism on the ground--in order to satiate the masses, eliminate competition, and pretend to be noble.”

And who financed the Russian revolution?  A different viewpoint. https://youtu.be/PaFklTLNy8c  Professor Antony Sutton

1 comment:

Aryan said...

Very True about corporate socialism.