Lew Rockwell’s important new book Fascism vs. Capitalism correctly advances the argument that many of the economic policies now being adopted by the U.S. government are similar to the policies that were adopted by Hitler in Germany and Mussolini in Italy.
Thus, it is quite interesting that two billionaires, Tom Perkins and Ken Langone, have recently called out USG policies against the rich as being Nazi like. To be sure, the arguments launched by Perkins and Langone are crude and lack the deep understanding that Rockwell displays in his analysis, but still the direction the argument is taking is encouraging.
Indeed, it is so encouraging that fascist-type economic policy supporter Paul Krugman has deemed it necessary to use his blog space to attack the notion:
Here comes another billionaire who thinks that anyone who talks about income inequality is a Nazi; this time it’s Ken Langone, co-founder of Home Depot. I don’t have anything useful to say about this, other than the observation that there must be a lot of these guys. I mean, there aren’t that many billionaires, so that coming up with multiple examples of the genus who not only believe that progressives are just like Hitler but are willing to say so in public must indicate that a substantial proportion of our billionaires share this belief, but more privately.
Good point by Krugie. I wonder just how many billionaires Lew is influencing.
Reprinted with permission from Economic Policy Journal.