An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, January 13, 2021
How CEOs became the 4th branch of government — Felix Salmon
A new political force is emerging — one based on centrist principles of predictability, stability, small-c conservatism, and, yes, the rule of law.
"Inverted Totalitarianism. The faceless anonymity of the corporate state. It pays outward fealty to the facade of electoral politics, the Constitution, freedom of the press etc., but it has seized all of the mechanisms of power rendering the citizen impotent." ~Sheldon Wolin
They've been that for a while now....
ReplyDelete"Inverted Totalitarianism. The faceless anonymity of the corporate state. It pays outward fealty to the facade of electoral politics, the Constitution, freedom of the press etc., but it has seized all of the mechanisms of power rendering the citizen impotent." ~Sheldon Wolin
And the 5th estate became the 5th branch?
ReplyDeleteCorporations also own the place where the 5th Estate lives.
ReplyDelete