Remember, when a private company wants to cover up billions in losses and the responsibility for them, that's a major scandal and proof of the evils of capitalism. But when a government regulator does the same thing, hat's just how people are, these things happen, whaddyagonnado...
Read the whole thing. You can see how the U.S is going to function under what I call Progressive Corporatism.
Another post you should read is one that was written last month by Pete Boettke.
Perhaps a more timely book to read than even Hayek would be Mises's Omnipotent Government and in particular the sections on the German economic model of national socialist policy. Our current policy path seems more along those lines, [rather than] outright expropriation of private property by the government.
At this point, I think that the relevant political divide is not between the two parties. It is between the forces of Progressive Corporatism and the (much smaller) forces of The Resistance.
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