Donald Trump wants to make protectionism great again. Bernie Sanders wants to make socialism great again.

And if we continue with sarcastic headlines, Elizabeth Warren wants to make cronyism great again.

She has a plan, which she explained in a column for the Wall Street Journal and also in this press release on her Senate website, that would give politicians and bureaucrats sweeping powers over large companies.

There's a technical term for this system of private ownership/government control. It's called fascism, though I prefer referring to it as corporatism or dirigisme to distinguish what Warren is doing from the racist and militaristic version of that ideology.

Or we can just call it crazy. Kevin Williamson summarizes this dangerous proposal for National Review.