Matshock wrote on Aug 21, 2012, 14:31:

Beamer wrote on Aug 21, 2012, 13:15:

Matshock wrote on Aug 21, 2012, 11:16:

...about the collapse of 38 Studios, which got a $75 million loan guarantee from the state in 2010.

I agree, only a dunce would invest $75 million taxpayer dollars in a start up headed up by an athlete during a depression in a state with a toxic business climate.

Another monument to Amerikan fascism...

Nice k. Now how is this fascism?

I'm glad you asked. The original term was coined by Benito Mussolini-
fascism being the combination of words federal and capitalism- so, essentially federally controlled capitalism.

I'm using the word according to its origins rather than the Orwellian newspeak you may be accustomed to.

Now there's a bit of license in the sense that we in the USA also have supposedly sovereign states but I wouldn't be surprised if the loan was ultimately backed by the federal government anyway.

New London and Pfizer have a huge multi-million dollar empty field that used to be a neighborhood. That's another great example of Amerikan Fascism.

http://www.nytimes.com/2009/11/13/nyregion/13pfizer.html