Thursday, November 18, 2010

Understanding power

state spending, public spending of some kind, what's called "Keynesian stimulation." And that did finally get countries out of the Depression. In the Fascist countries, it worked very well-they got out pretty fast. And in fact, every country became sort of fascist; again, "fascism" doesn't mean gas chambers, it means a special form of economic arrangement with state coordination of unions and corporations and a big role for big business. And this point about everyone being fascist was made by mainstream Veblenite-type economists [i.e. after the American economist Veblen] right at the time, actually-they said, everybody's fascist, the only question is what form the fascism takes: it takes different forms depending on the country's cultural patterns.http://brinesalt.posterous.com/understanding-power-18

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