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originally posted by: SourGrapes
a reply to: grey580
What you described is corporatism, not communism. Corporatism is communism on steroids. Instead of government owning all business and industries, it's the elite owning government.
This is how we end up with one electric company, one trash company, one phone company.
With no competition, business (i.e. government) can charge what ever they want.