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→Fascism and National Socialism
Even Socialist Party leader Norman Thomas admitted, the "fascist revolutions definitely abolished ''laissez-faire'' capitalism in favor of one or another kind and degree of state capitalism."<ref>Norman Thomas, ''[http://books.google.com/books?id=dJBWAAAAMAAJ A Socialist's Faith] (Norton, 1951), pp. 55</ref> “The programme of the Fascists, as drafted in 1919, was vehemently anti-capitalistic,” wrote Ludwig von Mises. “The most radical New Dealers and even communists could agree with it.”<ref> Ludwig von Mises, ''[http://mises.org/books/socialism.pdf Socialism: An Economic and Sociological Analysis]'' (Yale University Press, 1951), p. 576</ref> It demanded “Suppression of incorporated joint-stock companies, industrial or financial. Suppression of all speculation by banks and stock exchanges,” and “Control and taxation of private wealth. Confiscation of unproductive income.”<ref> Count Carlo Sforza, ''[http://books.google.com/books?id=5a0EHPh-X-YC Contemporary Italy - Its Intellectual and Moral Origins]'' (Read Books, 2007) ISBN 1406760307, pp. 295-296</ref>
Even Socialist Party leader Norman Thomas admitted, the "fascist revolutions definitely abolished ''laissez-faire'' capitalism in favor of one or another kind and degree of state capitalism."<ref>Norman Thomas, ''[http://books.google.com/books?id=dJBWAAAAMAAJ A Socialist's Faith] (Norton, 1951), pp. 55</ref> “The programme of the Fascists, as drafted in 1919, was vehemently anti-capitalistic,” wrote Ludwig von Mises. “The most radical New Dealers and even communists could agree with it.”<ref> Ludwig von Mises, ''[http://mises.org/books/socialism.pdf Socialism: An Economic and Sociological Analysis]'' (Yale University Press, 1951), p. 576</ref> It demanded “Suppression of incorporated joint-stock companies, industrial or financial. Suppression of all speculation by banks and stock exchanges,” and “Control and taxation of private wealth. Confiscation of unproductive income.”<ref> Count Carlo Sforza, ''[http://books.google.com/books?id=5a0EHPh-X-YC Contemporary Italy - Its Intellectual and Moral Origins]'' (Read Books, 2007) ISBN 1406760307, pp. 295-296</ref>
"[T]he rise of fascism and Nazism was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies," wrote Nobel prize winning economist Frederich Hayek.
==Fascism==
==Fascism==