Whole Foods CEO John Mackey On ObamaCare

Later, he clarified:

“Well, I think that was a bad choice of words on my part … that word [fascism] has an association with of course dictatorships in the 20th century like Germany and Spain, and Italy. What I know is that we no longer have free enterprise capitalism in health care, it’s not a system any longer where people are able to innovate, it’s not based on voluntary exchange. The government is directing it. So we need a new word for it. I don’t know what the right word is.”

The more appropriate term he’s looking for is probably corporatism or crony capitalism. But the thing is: he’s not wrong calling it fascism, particularly as differentiated from socialism. As I’ve previously noted: “Crony capitalism (aka ‘state capitalism’ or ‘corporatism’)… is the economic framework of fascism. Free market capitalism, on the other hand, is the economic framework of liberty.”

(via laliberty)