Ok I've been using the term "corporate socialism" to describe the US "free market capitalism" [not] system for a long time, but if you want to turn it even more inflammatory I suppose communism in lieu of socialism works even better. Here is a 5 minute video/interview from Dylan Ratigan (formerly of CNBC, now MSNBC) spouting the truth. (in my opinoin) Even though many don't want to admit it.
Hmmm.... first we popularized Kool Aid in financial circles in 2007
Then we brought Corporate Socialism to the conscience
Can it be long before we begin hearing "Reverse Robin Hood" (take from the many to give to the few!) spouted in the mainstream?? ;) Need to get over to that trademark office...
If you prefer the written word, Dylan expands in a piece on ZeroHedge
As Americans, I believe we reject Communism because it historically has allowed a tiny group of people to consolidate complete control over national resources (including people), in the process stifling competition, freedom and choice. It leaves its citizens stagnating under the perpetual broken systems with no natural motivation to innovate, improve services or reduce costs.
And yet today we find ourselves as a country in two distinctly different categories: those who are forced to compete tooth and nail each day to provide value to society in return for income for ourselves and our families and those who would instead use our lawmaking apparatus to help themselves to our tax money and/or to protect themselves from true competition.
Unfortunately, they use our wealth and laws not only to benefit their outdated, failed companies, but also spend a small pittance of their ill-gotten gains lobbying and favor-trading with politicians so the government will continue to protect them from competition and their well-deserved failure.
Even with all that -- the only changes that have been made, have been made to prop up and hide the massive flaws on behalf of those who perpetuated them. Still utterly nothing has been done to disclose the flaws in this system, improve it or rebuild it.