Coronavirus Fascism?

During the Great War, the progressive poobah Woodrow Wilson created a series of boards to run the economy. The most prominent was the War Industries Board headed by Wall Street fixer Bernard Baruch. Herbert Hoover headed the US Food Administration. And the War Finance Board was headed by Eugene Meyer, a wealthy and ambitious Wall Street financier (who also became Federal Reserve chairman and owner of the Washington Post), was its managing director.

This wartime experience proved crucial in training and imbuing a generation of statist bureaucrats with the enthusiastic utopian vision of collectivism in structuring and attempting to direct American society by authoritarian central planning.

During his term as president when the Great Depression erupted due the monetary manipulation and malfeasance of the FED,  Herbert Hoover was urged by Eugene Meyer to recreate a new Reconstruction Finance Corporation to fight the national emergency of the Depression, as “The Sainted Woodrow” had done during WWI.  FDR, also a seasoned veteran of wartime planning, continued in the same vein.

Later, there was another attempt to resurrect the RFC. 

Now, in 2020, we are seeing yet another futile attempt to resurrect this failed dinosaur of corporate fascism by ahistorical numbskulls, totally oblivious of its failed pedigree. This time the pretext is that of combating the national emergency of the Coronavirus.  Since Trump has declared himself as  “Wartime President,” the deferential Congress will no doubt deliver it to him on a sanitized, sterile silver platter.

HT to Walter E. Grinder

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6:26 pm on March 24, 2020