“Smash Capitalism” is one of the signs we saw being held by one of the Wall Street mobsters. The overriding theme of the mob is the overwhelming wish to destroy the capitalist system of profit-making free-enterprise and replace it with some vaguely defined social system. But since many of these mobsters are avowed socialists, communists, and anarchists, what we will get is economic chaos, which will lead to a dictatorship of some kind. And since the left has joined with the Islamic extremists in their aim to destroy capitalism, the dictator can easily be either an Islamist or an American socialist such as Obama. (it has been said that the main difference between a socialist and a communist is that a communist is a "socialist in a hurry.")
But since much of this is being led by billionaire George Soros, a poster child for megalomania if ever there was one, he might choose himself as the great dictator of Third Way America. Soros wants a New Financial World Order, which has also been vaguely defined as a partnership between government and business, which is a form of Fascism. The government regulates business to the point where only businesses the government approves of can succeed. That’s crony capitalism on steroids.
But as Ludwig von Mises wrote in Bureaucracy: “There is no compromise possible between these two systems [capitalism and socialism]. Contrary to a popular fallacy there is no middle way, no third system possible as a pattern of a permanent social order. The citizen must choose between capitalism and socialism or, as many Americans say, between the American and the Russian way of life.”
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Sam Blumenfeld (photo)