Corporate Fascism And The Auto Company Bailout

Posted December 8, 2008

How topical and appropriate is this. The first video below is an old cartoon that points out why capitalism is better than socialism or fascism and uses a an auto company theme. The next two videos have Peter Schiff arguing why the taxpayers should not bailout the auto companies but rather, let them reorganize via bankruptcy law. On the other side of the argument, we have Lansing Michigan Mayor, Virg Bernero, who, as a typical politician, is only concerned about his re-election and not doing what is right for the companies, their workers or the country. No one wants to swallow the hard pill. The companies, unions and local governments think they can continue business as usual without paying the consequences. There is pain and suffering on the horizon and its not going to get better until we all suffer through the recession.

Capitalism explained…