Fascism vs. Capitalism
“Fascism is capitalism in decay.” – Lenin
Fascism is a structure of government that rots the beauty of liberty and crushes the diversity that exists within every person as an individual. All is centered in a benign, supreme, venerated, and charismatic mortal man that captivates the heart of the people with illusionist ideals. This man becomes the leader of the whole and subjugates the people under his will.
Every decision is made by the central government of the nation and the leader is the wise custodian of his homeland. He is like a god, one that along with his followers encourages death and violence. They convince the people that there is no greater glory than to die for your nation and battle in favor of your land. You should not care about your life, necessities, family, and desires when it comes to your nation and the single will of your custodian. You shall go to war and fight for there is no greater pride than to kill others for the glory of your flag. As Mussolini would say, “Everything for the state, nothing outside the state, nothing above the state.” You, citizen, are not important, your ideas, your property, etc. does not matter, just the nation and its unity depending on the constitution of the will of your leader. Verily, your individual rights are subordinate to the good of the country. It is about what the public (government) is interested in, not you.
All followers of fascism consider it to be the third way between the “incorrect” communism and the “dog-eat-dog” capitalism. The Italian Benito Mussolini, whom was a socialist, became a well-known fascist after Lenin’s economic fiasco. He supported the involvement of his nation into World War I and came to hold the maximum authority of Italy in 1922. In the beginning of his governing, he did not yet create a secret police or abolished parliament. Italy’s press continued to enjoy freedom and the liberty of his opposition’s leaders had not yet been compromised. However, during 1924, the most vigorous leader of Mussolini’s opposition, Giacomo Matteotti, was murdered. Benito Mussolini proceeded towards the extremists of his camp and in 1925, he announced the initiation of fascism. Some time later, his competition’s newspapers would be banned and his contraries would be confined to an island.
Fascism only brought slavery to Italians, a slavery with a false sensation of patriotism. The press would foster the cult of the personality of the leader and lassoed the people’s minds to not believe anything different. The year of 1931 invaded with fear many professors, as they were required (forced) to sign an oath that declared loyalty to the government. Merely, just eleven professors refused to write their signatures. Different economic groupings were brought together under the supervision of the central government. Each group had government’s workers and employers that had specific fascist leaders assigned to each one of them. This is known as the corporate state, one that is characterized by a secret police, a fascist salute, etc. How was economy altered in Italy? The output per capita declined during the era of fascism and by 1940, wages, in both the industry and the agriculture were down. The end result of government manipulation and totalitarianism will always be poverty in the general public of the nation.
Doing business under fascism was practically made impossible, if you desired to practice it in freedom. State auditors would visit industrialists with orders to examine the balance sheets, book entries, etc. of the companies. Nevertheless, the concealed truth was that this was just a pretext to expropriate the capitalists. Supervisory boards would estimate how much iron, steel, rubber, and other raw materials were needed by the entire country to be able of carrying out certain production programs. Once again, this was a case of price controls that just lowered the product’s quality to cope with the price ceilings established by the government. The people were not just getting what they did not want, but they were also not getting what they needed. To make things worse, authorities would approach businessmen in the guise of being normal consumers to try to make the entrepreneurs violate the price policies and have something to accuse them of. The priorities of the government, stepped on the heads of the priorities of the individuals, and this ruined the economy.
In conclusion, Lenin’s claim does not understand capitalism. Fascism is not the end of a system that favors the individual FREE will of every single human being. The free market proposes an economy with none or the tiniest amount of government intervention possible. It is a system that is based in exchange, were one person trades off something for another they prefer and vice versa. Capitalism encourages decentralization and does not believe in the falseness of prosperity in war, but in the “seen and unseen” of Frederic Bastiat. A free market economy does not rejoice in having taxation, false interest rates, unbacked paper money, and price ceilings or price floors. This economy believes in commodity money as a medium of exchange, little or no taxation, real savings pushing interest rates down, the protection of private property, and in fluctuating prices that depend on the demand and the value given to products by the will of the people. Unlike fascism, the free market opposes slavery, death, war, and a controlling totalitarian central government that believes in nationalism. Declaring that capitalism is a late stage of fascism is nothing else than lack of knowledge and comprehension of what these two systems truly are.