Corporatism update

The banks and GM have been trying to emerge from federal control. This has occurred through easy money-making policies established by the Fed for the banks.

On the plus side, there is the appearance that the merger of state and banks decreases somewhat — a move away from corporatism underlying fascism. When Uncle $cam took over the banks, it was not on behalf of worker democracy, worker justice or some worker uprising. It was along the lines of what we saw in Hitler Germany.

Citigroup and Bank of America have announced moving away from the government’s control this past week.

For now, the bankers have managed to disguise their uselessness. However, what they have really done is move the problem somewhere else.




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