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Kid Berwyn

(25,031 posts)
3. Money, Power, Fascism -- The Octopus
Fri May 15, 2026, 09:46 AM
11 hrs ago
Milton Friedman and the Rise of Monetary Fascism

The Dark Age of Money


by JAMES C. KENNEDY
CounterPunch Oct. 24, 2012

EXCERPT...

Monetary Fascism was created and propagated through the Chicago School of Economics. Milton Friedman’s collective works constitute the foundation of Monetary Fascism. Knowing that the term ’Fascism’ was universally unpopular; Friedman and the Chicago School of Economics masquerade these works as ‘Capitalism’ and ’Free Market’ economics.

SNIP...

The fundamental difference between Adam Smith’s free market capitalism and Friedman’s ‘free market capitalism’ is that Friedman’s is a hyper extractive model, the kind that creates and maintains Third-World-Countries and Banana-Republics, without geo-political borders.

If you say that this is nothing new, you miss the point. Friedman does not differentiate between some third world country and his own. The ultimate difference is that Friedman has created a model that sanctions and promotes the exploitation of his own country, in fact every country, for the benefit of the investor, money the uber-wealthy. He dressed up this noxious ideology as ‘free market capitalism’ and then convinced most of the world to embrace it as their economic salvation.

SNIP...

Monetary Fascism, as conceived by Friedman, uses the powers of the state to put the interest of money and the financial class above and beyond all other forms of industry (and other stake holders) and the state itself.

SNIP...

Money has become the state and the traditional state is forced to serve money’s interests. Everywhere the Financial Class is openly lording over sovereign nations. Ireland, Greece and Spain are subject to ultimatums and remember Hank Paulson’s $700 billion extortion from the U.S. Congress. The $700 billion was just the wedge. Thanks to unlimited access to the Discount Window, Quantitative Easing and other taxpayer funded debt-swap bailouts the total transfers to the financial industry exceeded $16 trillion as of July 2010 according to a Federal Reserve Audit. All of this was dumped on the taxpayer and it is still growing.

CONTINUED...

http://www.counterpunch.org/2012/10/24/the-dark-age-of-money/

Outstanding OP, Botany. Danny Casolaro died fighting the Octopus. The record shows DU was on his side.
who else is attacking Trump's prosecutors, and the man who convicted the rioters Trump pardoned, released bigtree 11 hrs ago #1
Where are Merrick Garland and Lisa Monaco Today? gab13by13 11 hrs ago #2
Garland delayed in prosecuting Trump after GOP tried to delay his nomination for a huge loss of time. GreenWave 10 hrs ago #4
Money, Power, Fascism -- The Octopus Kid Berwyn 11 hrs ago #3
and the Supreme Court who not only enabled Trump back into office bigtree 10 hrs ago #7
Garland did not stop the traitor nor his conspiracy. Kid Berwyn 9 hrs ago #20
charges were brought some 17 months before the election bigtree 9 hrs ago #22
In truth, it goes back to Dealey Plaza on 22 November 1963. Kid Berwyn 8 hrs ago #24
Garland fell short for whatever reason and on that basis given the ramifications, was a colossal failure. Defending him KPN 7 hrs ago #29
no, the courts fell short, then the American people followed bigtree 6 hrs ago #36
This message was self-deleted by its author Joinfortmill 5 hrs ago #40
Agreed. The moment he knew of stolen state secrets he should arrested him... returnee 3 hrs ago #49
the courts failed us bigtree 3 hrs ago #50
counterpunch was basically a Russian tool during the 2016 election bigtree 10 hrs ago #12
CounterPunch sucks most when they publish an article I don't agree with. Kid Berwyn 9 hrs ago #21
Alisa Valdes-Rodriguez is doing her courageous part with the Epstein horrors on her substack. Bumbles 10 hrs ago #5
If Merrick Garland is really "one of them" then why wasn't he approved for SCOTUS? FakeNoose 10 hrs ago #6
As Is Your Prerogative. But Don't Think You KNOW Garland...... ColoringFool 10 hrs ago #9
most people who pretend he's some double agent don't know anything about the actual prosecution bigtree 10 hrs ago #11
What became of those prosecutions? CivicGrief 7 hrs ago #30
instead of just being trifled with this bigtree 6 hrs ago #35
Ha! Future prosecutions. CivicGrief 4 hrs ago #41
what's sad is the literal surrender from people claiming to be so concerned with prosecuting Trump bigtree 4 hrs ago #47
If Jack Smith ever comes forward and says that Merrick Garland is actually "corrupt" and "in with them" FakeNoose 2 hrs ago #53
Garland hate guarantees clicks MorbidButterflyTat 6 hrs ago #33
I HAVE SAID MOST OF THIS, EVEN BCCI. AND THEN THE "WOOO! TINHAT!" COMMENTS...... ColoringFool 10 hrs ago #8
This message was self-deleted by its author bigtree 10 hrs ago #10
To people like Thiel, Musk, and their employees manipulating the data to get their and the Powers That Be .. Botany 10 hrs ago #13
Don't forget the bomb threats karin_sj 3 hrs ago #52
I've been saying the same thing for years. Irish_Dem 9 hrs ago #18
May I suggest lonely bird 10 hrs ago #14
So glad that he prioritized avoiding the appearance of a political agenda Orrex 10 hrs ago #15
The Garland Society folks don't like this one bit. BannonsLiver 10 hrs ago #16
Garland society folks are pro prosecution of Trump bigtree 9 hrs ago #17
Bahahaha BannonsLiver 8 hrs ago #25
no doubt the Anti-Trump Prosecution society exists bigtree 5 hrs ago #37
Epstein class oligarchs irisblue 9 hrs ago #19
😬 Floyd R. Turbo 9 hrs ago #23
Bookmarking for later reading. Epstein-town? CoopersDad 8 hrs ago #26
Maybe that's why it always seems like 1 step forward 2 steps back bucolic_frolic 7 hrs ago #27
Well, one thing cannot be denied, Garland was an Obama SCOTUS choice. Joinfortmill 7 hrs ago #28
True. My understanding was he selected Garland as someone the R Senate would surely approve -- part of his "team of KPN 7 hrs ago #31
Great post/thread Botany, even if in small or even large part it is theory. Theory is what leads to finding facts and KPN 7 hrs ago #32
All I know is, Trump never talks about Garland nor does he seek revenge against him thebigidea 6 hrs ago #34
you have to be kidding bigtree 5 hrs ago #38
I see you graduated to Trump Truth Social posts CivicGrief 4 hrs ago #42
this is specious bigtree 4 hrs ago #45
It's a false claim to imply Trump is going after Garland in the courts like he is everyone else thebigidea 9 min ago #57
Is "Thiswillhold" the QAnon of the left? chowder66 5 hrs ago #39
It is BlueAnon. It pushes CT crackpottery that repeatededly has been debunked, yet it persists. Celerity 4 hrs ago #43
Yes. mr715 1 hr ago #56
I love history. I love mysteries. I love taking things... littlemissmartypants 4 hrs ago #44
Knowledge is good Botany 4 hrs ago #46
This thing, I call it the evil of psychopaths, has existed for all time. ... littlemissmartypants 4 hrs ago #48
by the way, the substack is conspiratorial claptrap bigtree 3 hrs ago #51
It is difficult to have useful discussions of this type of material, because... TygrBright 2 hrs ago #54
Untangling the Octopus Kid Berwyn 1 hr ago #55
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