Economist: “What We Have Is Something Perilously Close To A Dictatorship Of The Fed And The Treasury, Acting In The Interests Of Wall Street”

Prominent economist Robert Kuttner said recently:

What we have is something perilously close to a dictatorship of the Fed and the Treasury, acting in the interests of Wall Street.

Mussolini described fascism as the “merger of state and corporate power”, and this seems to be what is happening in the merger of the interests of the big financial companies with the government.

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  • “… seems to be what is happening …” Actually, this fascism has been going on for some time. I have been hearing about the wonders of “government-business partnerships” at least since Reagan.