GE's Jeff Immelt: America's Corporatist in Chief

Corporatism is the economic arm of fascism - it generally (it's not that coherent) holds that the means of production should remain private but guided in the interests of the 'state' with societies 'representative' institutions (big business, labor, government) meeting to 'coordinate' policy.

It is the antithesis of American Free Market capitalism and it describes Jeff Immelt and the Obami to a tee:

Yesterday President Obama named Immelt to head his new Council on Jobs and Competitiveness panel. Immelt took to the pages of the Washington Post to explain: "The president and I are committed to a candid and full dialogue among business, labor and government to help ensure that the United States has the most competitive and innovative economy in the world." Fred Barnes briefly explicated the appointment more straightforwardly in "Jeffrey Immelt, Obama's pet CEO."

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