American credit card debt hits a stunning $1 trillion as one of the Biden White House's favorite

companies goes belly up.

Carrie Lake wants to run for Senate again, and Ohio votes blue on a big Republican proposal.

I'm Ben Shapiro. This is The Ben Spiro Show.

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Well, folks, Bidenomics is a giant fail and we are seeing the wages of Bidenomics happening right now.

Here is the thing. Bidenomics, which is basically the idea that if we sink extraordinary amounts of taxpayer dollars into Joe Biden's favorite companies,

or if we just blow out cash spending on a wide variety of causes that into Joe Biden's favorite companies, or if we just blow out cash

spending on a wide variety of causes that help Joe Biden's favorite political friends, that if we do

all of that, that somehow jogs economic growth and leads to economic durability. It's a lie.

It's always been a lie. But here is the thing. It's very difficult to explain to people why it's a

lie, because capitalism is a much more subtle and interesting conversation than is corporatism. Corporatism has always been in very

easy sell. Corporatism is basically the idea it was started by Mussolini in the early 20th century

that if you work hand in glove government and business together, and then you direct those businesses

in a particular way, this will lead to economic prosperity because it cuts out all of the evils of competition.

And we all work together instead of working against one another.

In fact, the idea of the corporation as sort of a corporate body, again, goes back to early 20th century philosophy, particularly prominent in fascist circles.

Fascist economics looks very

much like what much of the West pursues in terms of a mixed economy right now, meaning government

subsidization of particular businesses, government telling business what to do and business just going

and doing it. And what that actually results in is certain levels of economic stagnation because

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