Commentary
President Joe Biden is set to “transform” and “remake” the entire auto industry—“first with carrots, now with sticks”—notes the Washington Post, as if dictating the output of a major industry is within the governing purview of the executive branch. The Environmental Protection Agency (EPA) is proposing draconian emissions limits for vehicles, ensuring that 67 percent of all new passenger cars and trucks produced within nine years will be electric. This is state coercion. It is undemocratic. We are not governed; we are managed.
In fascist economies, a powerful centralized state—often led by a demagogue who plays on the nationalistic impulses of people—controls both manufacturing and commerce and dictates prices and wages for the “common good.” Any unpatriotic excessive profits are captured by the state. All economic activity must meet state approval. And crony, rent-seeking companies are willing participants. Now, I’m not saying we already live in a fascist economic state. I’m just saying the Democratic Party economic platform sounds like it wishes we were….