WASHINGTON — Responding to the furor over executive pay at companies bailed out with taxpayer money, the Obama administration will order the firms that received the most aid to slash compensation to their highest-paid employees, an official involved in the decision said on Wednesday.
Furor? Sure (we read it in the noosepapers), but what about Their Plan All Along? The crisis too good to waste: there’s power to be gotten. It’s the power, stupid.
And the smell of Il Duce:
Fascism recognises the real needs which gave rise to socialism and trade-unionism, giving them due weight in the guild or corporative system in which [divergent] interests are coordinated and harmonised in the unity of the State.
The joys of state-run coordination.
Fascism is definitely and absolutely opposed to the doctrines of liberalism, both in the political and economic sphere.
19th-century liberalism here, free enterprise and all that, directly the opposite of today’s so-called liberalism.
In view of the fact that private organisation of production is a function of national concern, the organiser of the enterprise is responsible to the State for the direction given to production.
These from Benito Mussolini, The Doctrine of Fascism, Firenze: Vallecchi Editore, 1935, as at Public Eye.
State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management.
Again, state decides and orders that it be done, using its POWER.
From Fascism: Doctrine and Institutions, Rome: ‘Ardita’ Publishers, 1935.