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The finest in crony capitalism!

People that don't understand the difference between "fascism", "socialism", "communism" and "crony capitalism" look no further. This explains it all!

But, claiming it to be "free-market" capitalism is bullshit.

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The "fiscal cliff" legislation passed this week included $76 billion in special-interest tax credits for the likes of General Electric, Hollywood and even Captain Morgan. But these subsidies weren't the fruit of eleventh-hour lobbying conducted on the cliff's edge -- they were crafted back in August in a Senate committee, and they sat dormant until the White House reportedly insisted on them this week.

The Family and Business Tax Cut Certainty Act of 2012, which passed through the Senate Finance Committee in August, was copied and pasted into the fiscal cliff legislation, yielding a victory for biotech companies, wind-turbine-makers, biodiesel producers, film studios -- and their lobbyists. So, if you're wondering how algae subsidies became part of a must-pass package to avert the dreaded fiscal cliff, credit the Biotechnology Industry Organization's lobbying last summer.

Some tax lobbyists mostly ignored the August bill "because they thought it would be just a political document," one K Streeter told me. "They were the ones that got bit in the butt."

Here's what happened: In late July, Finance Chairman Max Baucus announced the committee would soon convene to craft a bill extending many expiring tax credits. This attracted lobbyists like a raw steak attracts wolves.

Former Sens. John Breaux, D-La., and Trent Lott, R-Miss., a pair of rainmaker lobbyists, pleaded for extensions on behalf of a powerful lineup of clients.

General Electric and Citigroup, for instance, hired Breaux and Lott to extend a tax provision that allows multinational corporations to defer U.S. taxes by moving profits into offshore financial subsidiaries. This provision -- known as the "active financing exception" -- is the main tool GE uses to avoid nearly all U.S. corporate income tax.

Liquor giant Diageo also retained Breaux and Lott to win extensions on two provisions benefitting rum-making in Puerto Rico.

by Anonymousreply 2201/13/2013

I hope that this makes the people who think that our system isn't fascist (aka crony capitalist) shut the hell up.

Both parties supported these boondoggles, and fought hard for them.

They help a small percentage of rich people, and cost the rest of us via taxes, regulations and inflation.

When are you going to wake up to the fact that BOTH parties are out to screw the little guy?

by Anonymousreply 101/02/2013

and there's $70 million for NASCAR

by Anonymousreply 201/02/2013

[quote]I hope that this makes the people who think that our system isn't fascist (aka crony capitalist) shut the hell up.

*facepalm*

As always, the Braindead Libertarian Fuckwit(TM) thinks that the word "fascism" can be twisted to mean anything he wants. In the process he manages to insult the 30 million or so people who died in the 40's fighting real, honest-to-god fascism. The dead Jews of Europe salute you.

Newsflash: you're not the Red Queen, jackass. Words don't mean what you want them to mean. On our planet, crony capitalism and fascism are totally different things.

by Anonymousreply 301/02/2013

What did you do to stop this from happening OP? WHy didn't you run for Senate against Max Baucus or Trent Lott?

by Anonymousreply 701/03/2013

Fascism: see Wikipedia definition below. No reference to corporate influence on government or vice versa what-so-fucking-ever.

Crony capitalism: government doing business with their best friends.

I wouldn't have to explain commonly-accepted definitions if you weren't so fucking brain-damaged.

by Anonymousreply 801/03/2013

"Fascism should more properly be called corporatism because it is the merger of state and corporate power."

- Benito Mussolini

by Anonymousreply 1001/03/2013

Wikipedia says that's not a Mussolini quote. See link.

Got any definitions from non-crazy people linking corporations and fascism?

Got any non-crazy source for that batsh*t crazy definition, R11? I'm guessing you don't.

by Anonymousreply 1301/03/2013

I already gave you a definition, moron. Here it is again.

Condensed summary: complete and total state control. The state is everything. Which of course means that the state has control over private industry in a Fascist state. However, to conflate government tax credits for GE with Hitler and Mussolini is triple-distilled, mind-blowingly stupid. Such stupidity insults the memories of the 30+ million people who died at the hand of real Fascists in the 40's.

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Fascism (pron.: /ˈfæʃɪzəm/) is a form of radical authoritarian nationalism. Fascists seek to unify their nation through a totalitarian state that seeks the mass mobilization of the national community through discipline, indoctrination, and physical training. Fascism utilizes a vanguard party to initiate a revolution to organize the nation upon fascist principles. Fascism views direct action including political violence and war, as a means to achieve national rejuvenation, spirit and vitality.

Fascism recognizes the occurrence of class conflict, and advocates a resolution to end the division of classes within a nation and secure national solidarity. However fascism publicly favours proletarian culture while it rejects bourgeois culture, due to its association of proletarian culture with economic production and claims that proletarians as producers must have a dominant role in the nation. It claims that cultural nationalization of society is necessary to emancipate the nation's proletariat, and promotes the assimilation of all classes into a proletarian national culture, and claims that cultural nationalization of society emancipates the nation's proletariat, and promotes the assimilation of all classes into a proletarian nation.

Fascism advocates a state-controlled and regulated mixed economy; the principal economic goal of fascism is to achieve autarky to secure national self-sufficiency and independence, through protectionist and interventionist economic policies. It promotes regulated private enterprise and private property contingent whenever beneficial to the nation and state enterprise and state property whenever necessary to protect its interests. While fascism adamantly rejected Marxian socialism for its support of class conflict, its opposition to private property, and its materialism; fascism was influenced by Saint-Simonian utopian socialism that accepted private property and had criticized the legacy of the French Revolution that fascism also has done.

Fascism was founded during World War I by Italian national syndicalists who combined left-wing and right-wing political views. Fascists have commonly opposed having a firm association with any section of the left-right spectrum, considering it inadequate to describe their beliefs, though fascism's goal to promote the rule of people deemed innately superior while seeking to purge society of people deemed innately inferior is identified as a prominent far-right theme. Fascism opposes multiple ideologies, such as communism, conservatism, liberalism, and social democracy.

by Anonymousreply 1601/03/2013

[quote]Fascism is the control of privately held capital and businesses by the state.

ROFL.... No, dear, it isn't, and no matter how much you stamp your feet and shake your widdle fists, it will continue to not be the definition of "fascism."

I do so love this guy: locked in a fantasy world of his own creation and totally disconnected from reality. This thread is a classic.

by Anonymousreply 1701/03/2013

I already answered that in another thread, dear. I'm fine with the standard dictionary and/or Wikipedia definitions. I don't feel the need to make up my own definition of any word. But, then, I live out here in the real world. You should join us here someday. You might even like it.

You see, out here in the real world, the economy has been slowly recovering, as compared to your fantasy world where the economy is much, much worse than it was in 2008. I like the real world better, thanks.

by Anonymousreply 1901/04/2013

Just a bump for the people who haven't seen their first check of the new year to bitch about how their taxes have risen.

The big banks and military and pharma companies got their tax breaks, but god help the minimum wage single mother.

by Anonymousreply 2001/07/2013

This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against 'real' goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.

It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German mark in 1923. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last.

by Anonymousreply 2101/12/2013

ROFL.... Wow, you didn't miss a single one of your old threads, did you, R21? Tell me, why did you find that inaccurate and unsupported drivel so appealing? Is it finally occurring to you that your predictions have utterly failed to come true and you're now flailing around looking for an explanation?

by Anonymousreply 2201/13/2013
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