Barry Ritholtz writes:
It turns out that both regions are welfare states — only in Europe, the natural population (i.e., people) is the recipient, while in the US, the corporate population is the beneficiary.
Which really means the US is fascist:
“…fascism seeks to incorporate or co-opt private ownership into the state apparatus through public-private partnership” – Roderick T. Long
“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” – Benito Mussolini