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It's Galbraith's New Industrial State, based on the politics of innocent fraud.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Sun Jan 31st, 2010 at 04:19:02 PM EST
[ Parent ]
Only, it's not actually an industrial state, nevermind one dominated by the Galbraithian technostructure.

It is more of a malign fusion of the control mechanisms of the industrial state with the robber baron mentality of the proto-industrial state.

I need to do that diary on Reich's Supercapitalism...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jan 31st, 2010 at 05:58:56 PM EST
[ Parent ]
What JKG's son call The Predator State.

A bomb, H bomb, Minuteman / The names get more attractive / The decisions are made by NATO / The press call it British opinion -- The Three Johns
by Alexander on Sun Jan 31st, 2010 at 06:06:43 PM EST
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