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From Wikipedia: "An inherent aspect of fascist economies was economic dirigisme, meaning an economy where the government exerts strong directive influence, and
by watchandwait 16y ago
From Wikipedia:
"An inherent aspect of fascist economies was economic dirigisme, meaning an economy where the government exerts strong directive influence, and effectively controls production and allocation of resources. In general, apart from the nationalizations of some industries, fascist economies were based on private property and private initiative, but these were contingent upon service to the state."
- silverbax88 16y agoNot to be flippant, but 'strong directive influence' and 'contingent upon service to the state' for the entire economy is a far cry from a tiny fund of money.
- nika 16y agoThe fund only backs businesses "contingent upon service to the state". Literally it is in the fact sheet that his money will go to "disadvantaged" (eg: politically connected businesses that can be counted on for electioneering) and to "clean energy", which is a category of businesses serving the political agenda. At the next election, Obama can talk about how he gave $2B to politically correct businesses (though he won't use that term) and he'll have lots of "high tech" plants to tour where he can say "they said we couldn't, but I say we can, and we did, build this company! Making clean energy solar cells for the future!" That's "contingent upon service to the state". He didn't say the "entire economy" was fascist, just that the fund was.