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The prototypical fascist regime was that of [[Benito Mussolini]], who ruled Italy from 1922 to 1943. Other regimes which included corporatist elements are those of [[Francisco Franco]] in Spain (1936-1975) and [[Antonio Salazar]] in Portugal (1932-1968). German [[Nazism]] referred  to government mandated corporatist entities as industrial cartels and added an obsession with [[race]].  Austrian economist [[Friedrich Hayek]] observed in the final stages of [[World War II]], "the rise of fascism and [[Marxism]] was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies. Yet it is significant that many of the leaders of these movements, from Mussolini down (and including [[Laval]] and [[Quisling]]) began as socialists and ended as fascists or Nazis. <ref>Friedrich A. Hayek, [http://www.iea.org.uk/files/upld-publication43pdf?.pdf ''Road to Serfdom'',] Reader's Digest Condensed Version, April 1945, pg. 31 - 32.</ref>

The prototypical fascist regime was that of [[Benito Mussolini]], who ruled Italy from 1922 to 1943. Other regimes which included corporatist elements are those of [[Francisco Franco]] in Spain (1936-1975) and [[Antonio Salazar]] in Portugal (1932-1968). German [[Nazism]] referred  to government mandated corporatist entities as industrial cartels and added an obsession with [[race]].  Austrian economist [[Friedrich Hayek]] observed in the final stages of [[World War II]], "the rise of fascism and [[Marxism]] was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies. Yet it is significant that many of the leaders of these movements, from Mussolini down (and including [[Laval]] and [[Quisling]]) began as socialists and ended as fascists or Nazis. <ref>Friedrich A. Hayek, [http://www.iea.org.uk/files/upld-publication43pdf?.pdf ''Road to Serfdom'',] Reader's Digest Condensed Version, April 1945, pg. 31 - 32.</ref>

Fascism as an ideological theory was comprehensively discredited in the eyes of most Westerners because of the defeat of the [[Axis]] powers in [[World War II]], however fascist economic theories of government mandated combines, wage and price controls, [[economic planning]] boards which set production requirements, and regulated monopolies were characteristic of the [[New Deal]] era and government efforts to spend its way out of the [[Great Depression]].  [[Class warfare]] and a hostile stance toward legitmate business and profit is another characteristic feature fascism retained from it's [[Socialist]] roots.

Fascism as an ideological theory was comprehensively discredited in the eyes of most Westerners because of the defeat of the [[Axis]] powers in [[World War II]], however fascist economic theories of government mandated combines, wage and price controls, [[economic planning]] boards which set production requirements, and regulated monopolies were characteristic of the [[New Deal]] era and government efforts to spend its way out of the [[Great Depression]].  [[Class warfare]] and a hostile stance toward independent business and profit is another characteristic feature fascism retained from it's [[Socialist]] roots.

"Fascist" is today frequently used as a term of abuse both on the left and on the right against one's political opponents. While few people are willing to describe themselves as fascists or endorse the fascist regimes of the past, fascist parties and parties descended from fascist parties (such as the [[Alleanza Nazionale]] in [[Italy]]) continue to be a minor force in European politics. Fascism seems not to flourish in countries with an Anglo-centric heritage: America, Australia and Canada have never had significant fascist movements, and the [[British Union of Fascists]] was never an important force in UK politics.

"Fascist" is today frequently used as a term of abuse both on the left and on the right against one's political opponents. While few people are willing to describe themselves as fascists or endorse the fascist regimes of the past, fascist parties and parties descended from fascist parties (such as the [[Alleanza Nazionale]] in [[Italy]]) continue to be a minor force in European politics. Fascism seems not to flourish in countries with an Anglo-centric heritage: America, Australia and Canada have never had significant fascist movements, and the [[British Union of Fascists]] was never an important force in UK politics.