Economic Fascism: Planned Capitalism Lives On

Created on 2021-12-03T20:59:54-06:00

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The excesses of fascism were scapegoated on to individuals while economic fascist ideals carried on.

Placing the state above the wellbeing of the individual.

Mussolini thought it was unnatural for a government to protect individual rights: “The maxim that society exists only for the well-being and freedom of the individuals composing it does not seem to be in conformity with nature’s plans.”[7] “If classical liberalism spells individualism,” Mussolini continued, “Fascism spells government.”
The essence of fascism, therefore, is that government should be the master, not the servant, of the people.

Italian fascism sought central coordination of the economy as an ideal.

Book: The Silent War by Magaziner

Use of Public-Private partnerships: government exports responsibility to "private" property but issues dictate under the table from office.

As Ayn Rand often noted, however, in such a partnership government is always the senior or dominating “partner.”

Italian fascism divided commerce in to approved syndicates.

Socialize the losses and privatize the winnings a staple of Italian fascism.

“it is the state, i.e., the taxpayer, who has become responsible to private enterprise. In Fascist Italy the state pays for the blunders of private enterprise.”[25] As long as business was good, Salvemini wrote, “profit remained to private initiative.”[26] But when the depression came, “the government added the loss to the taxpayer’s burden. Profit is private and individual. Loss is public and social.”[27]
Paul Lensch, who declared in his book Three Years of World Revolution that “Socialism must present a conscious and determined opposition to individualism.”