Saturday, June 05, 2010

Fascist Corruption

... looks like this: The government controls huge corporations, either through outright ownership, full or partial, or through regulations that control the minutae of coporate operations. Government officials then receive high-paying jobs in those corporations when they leave relatively low-paying government service or have those positions available to them as rewards for fealty by others.

In fascist Italy under Mussolini, Admirals, Generals and ministry of defense officials would rotate through government service and executive positions in "private" companies to their very great profit. I don't have the reference for this, but I recall reading it recently, so you'll just have to trust me.

So what does this have to do with anything? Well, Joe Sestak and Andrew Romanoff were offered government jobs by the White House in exchange for not running against other candidates. All things considered, that was pretty clumsy on the part of the Obama Administration.

They should have been offered jobs at GM.

Good jobs at good wages.

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