The Socialist Economics of Italian Fascism

Dec 2013
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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


On numerous occasions, Benito Mussolini identified his economic policies with “state capitalism”—the exact phrase that Vladimir Lenin used to usher in his New Economic Policy (NEP). Lenin wrote: “State capitalism would be a step forward as compared with the present state of affairs in our Soviet Republic.”2 After Russia’s economy collapsed in 1921, Lenin allowed privatization and private initiative, and he let the people trade, buy and sell for private profit.3 Lenin was moving towards a mixed economy. He even demanded that state-owned companies operate on profit/loss principles.4 Lenin acknowledged that he had to back away from total socialism and allow some capitalism.



For more background information, see “Marxism”, by David L. Prychitko and “Socialism”, by Robert Heilbroner in the Concise Encyclopedia of Economics.

Mussolini followed Lenin’s example and proceeded to establish a state-driven economic model in Italy. In essence, Mussolini’s fascism was simply an imitation of Lenin’s “third way,” which combined market-based mechanisms and socialism—similar to Red China’s “market socialism.” In short, Lenin’s revised Marxism culminated in “socialist-lite” policies that helped inspire Mussolini to craft his own Italian-style fascism with a right-wing socialist twist. Thus, one could argue that Lenin’s politics were the first modern-day version of fascism and state-corporatism


The Socialist Economics of Italian Fascism - Econlib
 
Dec 2013
33,811
19,362
Beware of watermelons
Compare that to a thriving Libertarian based economy, as soon as one happens, any day now....

Curious choice of words


From the op


Interestingly, Mussolini found much of John Maynard Keynes’s economic theories consistent with fascism, writing: “Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.”9


After the worldwide Great Depression, Mussolini became more vocal in his claims that fascism explicitly rejected the capitalist elements of economic individualism and laissez-faire liberalism.10 In his “Doctrine of Fascism,” Mussolini wrote: “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.” In his 1928 autobiography, Mussolini made clear his dislike for liberal capitalism: “The citizen in the Fascist State is no longer a selfish individual who has the anti-social right of rebelling against any law of the Collectivity.”11
 
Jul 2014
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So, do you have a point?
Do you have an example of Libertarian economy that lasted more than a week?
Every non-trivial economy is regulated, it doesn't mean they are all fascist, or all Socialist or all anything.
 
Sep 2018
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cleveland ohio
i want you to do a few things for me one, read the fascist manifesto they state over and over they are traditionalists, and they claimed to be right wing..why not take them at their word
two they made a deal with the pope the pope did this because they were anti communist, not socialist
three they were corporatist thats very different from socialist you engage as all libertarians do in association fallacyhttps://en.wikipedia.org/wiki/Economics_of_fascism
Economics of fascism - Wikipedia
Corporatism - Wikipedia
progressive corproatism and state capitalsim were sued by social demorats and quite succesfully too i might add but if you look there were major diferences again you engage in an assocaition fallacy by pretending its the same thing Corporatism - Wikipedia
 
Sep 2018
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cleveland ohio
An association fallacy is an informal inductive fallacy of the hasty-generalization or red-herring type and which asserts, by irrelevant association and often by appeal to emotion, that qualities of one thing are inherently qualities of another. Association fallacy - Wikipedia

An Euler diagram illustrating the association fallacy. Although A is within B and is also within C, not all of B is within C.
 
Dec 2013
33,811
19,362
Beware of watermelons
So, do you have a point?
Do you have an example of Libertarian economy that lasted more than a week?
Every non-trivial economy is regulated, it doesn't mean they are all fascist, or all Socialist or all anything.

Just thought a little thread about the economics of fascism would be good especially since you little leftists like to toss the term around so freely. Maybe a little education on the subject would be helpful.
 
Dec 2013
33,811
19,362
Beware of watermelons
i want you to do a few things for me one, read the fascist manifesto they state over and over they are traditionalists, and they claimed to be right wing..why not take them at their word
two they made a deal with the pope the pope did this because they were anti communist, not socialist
three they were corporatist thats very different from socialist you engage as all libertarians do in association fallacyhttps://en.wikipedia.org/wiki/Economics_of_fascism
Economics of fascism - Wikipedia
Corporatism - Wikipedia
progressive corproatism and state capitalsim were sued by social demorats and quite succesfully too i might add but if you look there were major diferences again you engage in an assocaition fallacy by pretending its the same thing Corporatism - Wikipedia

The economics are what interest me not the presented politics.

But hey since we are going to take the Italian fascists at their word why not take the Nazis at theirs?
 
Sep 2018
6,692
1,139
cleveland ohio
The economics are what interest me not the presented politics.

But hey since we are going to take the Italian fascists at their word why not take the Nazis at theirs?
fascism and economics? fascist economics worked quite well, civil liberties suffered
 
May 2018
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Curious choice of words


From the op


Interestingly, Mussolini found much of John Maynard Keynes’s economic theories consistent with fascism, writing: “Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.”9


After the worldwide Great Depression, Mussolini became more vocal in his claims that fascism explicitly rejected the capitalist elements of economic individualism and laissez-faire liberalism.10 In his “Doctrine of Fascism,” Mussolini wrote: “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.” In his 1928 autobiography, Mussolini made clear his dislike for liberal capitalism: “The citizen in the Fascist State is no longer a selfish individual who has the anti-social right of rebelling against any law of the Collectivity.”11

Are you saying you are so ignorant you don't know the difference between "liberal" and "libertarian"?

LOLOLOLOLOLOL! With such powerful ignorance you MUST be a Trumpanzee to the core!