History you need to know.
If classical liberalism spells individualism, Fascism spells government. Sound familiar?
Lawrence K. Samuels writes: The economics of Italian Fascism is often ignored or trivialized because so much of it is found in today’s world economies. Consider some of the components of fascist economics: central planning, heavy state subsidies, protectionism (high tariffs), steep levels of nationalization, rampant cronyism, large deficits, high government spending, bank and industry bailouts, overlapping bureaucracy, massive social welfare programs, crushing national debt, bouts of inflation and “a highly regulated, multiclass, integrated national economic structure.”1
“The Fascist conception of life accepts the individual only in so far as his interests coincide with the State…Fascism reasserts the rights of the state. If classical liberalism spells individualism, Fascism spells government.”
— Benito Mussolini, from “Doctrine of Fascism”
On numerous occasions, Benito Mussolini identified his economic policies with “state capitalism”—the exact phrase that Vladimir Lenin used to usher in his New…
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August 9th, 2015 at 10:04 pm
What a great find, Mike! Thanks for pointing it out!
Best,
— x
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August 9th, 2015 at 10:28 pm
It references Goldbergs’s “Liberal Fascism” which is one of my top ten all time favorite female names…
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August 9th, 2015 at 10:29 pm
Lol! And a good read too!
Best,
— x
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