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Kid Berwyn

(25,049 posts)
3. Money, Power, Fascism -- The Octopus
Fri May 15, 2026, 09:46 AM
Yesterday
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 Yesterday #1
Where are Merrick Garland and Lisa Monaco Today? gab13by13 Yesterday #2
Garland delayed in prosecuting Trump after GOP tried to delay his nomination for a huge loss of time. GreenWave Yesterday #4
Money, Power, Fascism -- The Octopus Kid Berwyn Yesterday #3
and the Supreme Court who not only enabled Trump back into office bigtree Yesterday #7
Garland did not stop the traitor nor his conspiracy. Kid Berwyn Yesterday #20
charges were brought some 17 months before the election bigtree Yesterday #22
In truth, it goes back to Dealey Plaza on 22 November 1963. Kid Berwyn Yesterday #24
The Berwyn Book Encyclopedia yellow dahlia 18 hrs ago #64
Garland fell short for whatever reason and on that basis given the ramifications, was a colossal failure. Defending him KPN Yesterday #29
no, the courts fell short, then the American people followed bigtree Yesterday #36
Thanks for all the good information. Minds may not be changed, but facts will be out there. Joinfortmill 9 hrs ago #68
This message was self-deleted by its author Joinfortmill Yesterday #40
Agreed. The moment he knew of stolen state secrets he should arrested him... returnee 23 hrs ago #49
the courts failed us bigtree 23 hrs ago #50
As I understand it... returnee 11 hrs ago #66
counterpunch was basically a Russian tool during the 2016 election bigtree Yesterday #12
CounterPunch sucks most when they publish an article I don't agree with. Kid Berwyn Yesterday #21
Alisa Valdes-Rodriguez is doing her courageous part with the Epstein horrors on her substack. Bumbles Yesterday #5
If Merrick Garland is really "one of them" then why wasn't he approved for SCOTUS? FakeNoose Yesterday #6
As Is Your Prerogative. But Don't Think You KNOW Garland...... ColoringFool Yesterday #9
most people who pretend he's some double agent don't know anything about the actual prosecution bigtree Yesterday #11
What became of those prosecutions? CivicGrief Yesterday #30
instead of just being trifled with this bigtree Yesterday #35
Ha! Future prosecutions. CivicGrief Yesterday #41
what's sad is the literal surrender from people claiming to be so concerned with prosecuting Trump bigtree Yesterday #47
If Jack Smith ever comes forward and says that Merrick Garland is actually "corrupt" and "in with them" FakeNoose 22 hrs ago #53
Garland hate guarantees clicks MorbidButterflyTat Yesterday #33
Republicans prevented Garland Mad_Machine76 19 hrs ago #62
That's because Garland is not (and never was) one of them FakeNoose 3 hrs ago #74
I HAVE SAID MOST OF THIS, EVEN BCCI. AND THEN THE "WOOO! TINHAT!" COMMENTS...... ColoringFool Yesterday #8
This message was self-deleted by its author bigtree Yesterday #10
To people like Thiel, Musk, and their employees manipulating the data to get their and the Powers That Be .. Botany Yesterday #13
Don't forget the bomb threats karin_sj 23 hrs ago #52
I've been saying the same thing for years. Irish_Dem Yesterday #18
May I suggest lonely bird Yesterday #14
So glad that he prioritized avoiding the appearance of a political agenda Orrex Yesterday #15
This message was self-deleted by its author jfz9580m 10 hrs ago #67
The Garland Society folks don't like this one bit. BannonsLiver Yesterday #16
Garland society folks are pro prosecution of Trump bigtree Yesterday #17
Bahahaha BannonsLiver Yesterday #25
no doubt the Anti-Trump Prosecution society exists bigtree Yesterday #37
Epstein class oligarchs irisblue Yesterday #19
😬 Floyd R. Turbo Yesterday #23
Bookmarking for later reading. Epstein-town? CoopersDad Yesterday #26
Maybe that's why it always seems like 1 step forward 2 steps back bucolic_frolic Yesterday #27
Well, one thing cannot be denied, Garland was an Obama SCOTUS choice. Joinfortmill Yesterday #28
True. My understanding was he selected Garland as someone the R Senate would surely approve -- part of his "team of KPN Yesterday #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 Yesterday #32
All I know is, Trump never talks about Garland nor does he seek revenge against him thebigidea Yesterday #34
you have to be kidding bigtree Yesterday #38
I see you graduated to Trump Truth Social posts CivicGrief Yesterday #42
this is specious bigtree Yesterday #45
It's a false claim to imply Trump is going after Garland in the courts like he is everyone else thebigidea 20 hrs ago #57
not yet bigtree 19 hrs ago #59
It's possible that Donald is AFRAID of Garland, with good reason I might add. Joinfortmill 9 hrs ago #70
Is "Thiswillhold" the QAnon of the left? chowder66 Yesterday #39
It is BlueAnon. It pushes CT crackpottery that repeatededly has been debunked, yet it persists. Celerity Yesterday #43
Yes. mr715 21 hrs ago #56
I love history. I love mysteries. I love taking things... littlemissmartypants Yesterday #44
Knowledge is good Botany Yesterday #46
This thing, I call it the evil of psychopaths, has existed for all time. ... littlemissmartypants Yesterday #48
by the way, the substack is conspiratorial claptrap bigtree 23 hrs ago #51
It appears there is a good chance This Will Hold is actually Russian state sponsored disinformation Wiz Imp 2 hrs ago #76
It is difficult to have useful discussions of this type of material, because... TygrBright 22 hrs ago #54
You mean we should be a.... reACTIONary 17 hrs ago #65
Untangling the Octopus Kid Berwyn 21 hrs ago #55
who is this new poster, and what expertise does he have for making these claims bigtree 19 hrs ago #60
To help explain how Epstein was protected since Reagan. Kid Berwyn 8 hrs ago #73
It's disgusting to see this kooky CT nonsense rise to the top of the Greatest Page Fiendish Thingy 20 hrs ago #58
Every bit of it is sourced and footnoted. Hardly kooky conspiracy theory. Botany 9 hrs ago #71
Thanks for sharing, Botany! That was an important read. It was jam packed. yellow dahlia 19 hrs ago #61
This is why I have become a misanthrope. BigmanPigman 19 hrs ago #63
Garland was blueknight73 9 hrs ago #69
a tragic mistake themaguffin 3 hrs ago #75
Well, there's this. It seems that Merrick Garland was NOT popular with the Federalist Society Joinfortmill 9 hrs ago #72
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