Fascism

Maybe this is where we're headed?



fas·cism:
a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition

Fascism - Wikipedia, the free encyclopedia

Common aim of all fascist movements was elimination of the autonomy or, in some cases, the existence of large-scale capitalism.

The Labour Charter of 1927, promulgated by the Grand Council of Fascism, stated in article 7:
"The corporative State considers private initiative, in the field of production, as the most efficient and useful instrument of the Nation", then goes on to say in article 9: "State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management."


Fascism: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Where socialism sought totalitarian control of a society’s economic processes through direct state operation of the means of production, fascism sought that control indirectly, through domination of nominally private owners. Where socialism abolished money and prices, fascism controlled the monetary system and set all prices and wages politically.

Levels of consumption were dictated by the state, and “excess” incomes had to be surrendered as taxes or “loans.”


To maintain high employment and minimize popular discontent, fascist governments also undertook massive public-works projects financed by steep taxes, borrowing, and fiat money creation. While many of these projects were domestic—roads, buildings, stadiums—the largest project of all was militarism, with huge armies and arms production.