Changes

Those policies that are today called "liberal"&mdash;big government, high taxation, regulation, state intervention in or control of the economy, public-private partnerships, state control over the use of private property, etc.&mdash;were all pioneered by the fascists, who called this economic system ''corporativismo'' (corporativism). Contrary to revisionist socialist propaganda, the name has nothing to do with incorporated firms, but refers to the medieval system of guilds (''corporazioni''), theoretically modernized as syndicalism. Corporativist ideas had been popular with British socialists and Fabians, as well as American progressives such as Herbert Croly, Edward Bellamy and Colonel House, since the late 19th century. Far from being capitalist, corporativism was stridently anti-capitalist. “So substantial are the limitations under which private property and capital are exercised in Italy, that the conception of ‘capitalism’ is avowedly destroyed and replaced by ''corporativismo'',” wrote Herbert Steiner in his classic 1938 study of fascism.<ref>H. Arthur Steiner,  ''[http://books.google.com/books?id=1LqtuYl43dwC Government in Fascist Italy]'' (McGraw-Hill Book Company, Inc., 1938), p. 92</ref> Under fascism, writes the progressive writer Roger Shaw, "capitalistic ''laissez-faire'' of the old, familiar type practically disappears under state-planning."<ref>Roger Shaw, "[http://ia600504.us.archive.org/19/items/northamreview238miscrich/northamreview238miscrich.pdf Fascism and the New Deal]," ''The North American Review'', Vol. 238, No. 6 (Dec., 1934), pp. 559-564</ref>

Those policies that are today called "liberal"&mdash;big government, high taxation, regulation, state intervention in or control of the economy, public-private partnerships, state control over the use of private property, etc.&mdash;were all pioneered by the fascists, who called this economic system ''corporativismo'' (corporativism). Contrary to revisionist socialist propaganda, the name has nothing to do with incorporated firms, but refers to the medieval system of guilds (''corporazioni''), theoretically modernized as syndicalism. Corporativist ideas had been popular with British socialists and Fabians, as well as American progressives such as Herbert Croly, Edward Bellamy and Colonel House, since the late 19th century. Far from being capitalist, corporativism was stridently anti-capitalist. “So substantial are the limitations under which private property and capital are exercised in Italy, that the conception of ‘capitalism’ is avowedly destroyed and replaced by ''corporativismo'',” wrote Herbert Steiner in his classic 1938 study of fascism.<ref>H. Arthur Steiner,  ''[http://books.google.com/books?id=1LqtuYl43dwC Government in Fascist Italy]'' (McGraw-Hill Book Company, Inc., 1938), p. 92</ref> Under fascism, writes the progressive writer Roger Shaw, "capitalistic ''laissez-faire'' of the old, familiar type practically disappears under state-planning."<ref>Roger Shaw, "[http://ia600504.us.archive.org/19/items/northamreview238miscrich/northamreview238miscrich.pdf Fascism and the New Deal]," ''The North American Review'', Vol. 238, No. 6 (Dec., 1934), pp. 559-564</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>

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 [http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/hayek-lecture.html 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 [http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/hayek-lecture.html Nobel prize winning] economist Friederich Hayek.<ref>Friedrich August Hayek, ''[https://books.google.com/books?id=eTve6XEUbYIC The Road to Serfdom]'' (Psychology Press, 2001), ISBN 0415253896, p. 4</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 [http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/hayek-lecture.html Nobel prize winning] economist Friederich Hayek.<ref>Friedrich August Hayek, ''[https://books.google.com/books?id=eTve6XEUbYIC The Road to Serfdom]'' (Psychology Press, 2001), ISBN 0415253896, p. 4</ref>