Obamacare Is Corporatist, Not Socialist
Reader Walt takes us from my comment that "this is a disaster, except that it is not so much a socialist disaster as it is a corporatist one," noting that "former Nat'l Review writer David Frum and former Clinton admininistration economist Brad Delong both have pieces this week pointing out that this bill is filled with mainly old GOP "free market" counter proposals to Hillary Care from the early nineties" and posting a link to an informative 2002 article by Robert Locke — What is American Corporatism? An excerpt:
- Unlike socialism, corporatism understands that direct government ownership of the means of production does not work, except in the limiting case of infrastructure.1 ...Corporatism blends socialism and capitalism not by giving each control of different parts of the economy, but by combining socialism's promise of a government-guaranteed flow of material goods with capitalism's private ownership and management.
What makes corporatism so politically irresistible is that it is attractive not just to the mass electorate, but to the economic elite as well. Big business, whatever its casuists at the Wall Street Journal editorial page may pretend, likes big government, except when big government gets greedy and tries to renegotiate the division of spoils. Although big business was an historic adversary of the introduction of the corporatist state, it eventually found common ground with it.