Fascism.Posted by Gracy May (here)
Of course it's not meant to be a proper term.Posted by Frank V (here)
There is no such thing ─ that's a contradiction in terms.Posted by Gracy May (here)
[...] corporate/Wall Street Socialism [...]
Socialism is by definition not corporate, since it means that the natural resources and the means of production are the property of the whole of society, while corporations are by definition private entities.
Wall Street itself is of course as corporate as it gets. It is entirely driven by unbridled greed and lust for (economic) power.
But what do you call it then when the federal government, combined with the Federal Reserve, have an unending stack of signed blank checks sitting around just waiting to have an amount filled in by these entities, as the common people are in comparison left to fend for themselves?