Politico-economic system where the means of production are nominally in private hands but controlled by a combination of state and business interests


Fascism, by Sheldon Richman, The Concise Encyclopedia of Economics, 2008
"As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and revolutionary Marxism, with its violent and socially divisive persecution of the bourgeoisie."
Fascism - Wikipedia, the free encyclopedia
"Fascism is an authoritarian nationalist ideology focused on solving economic, political, and social problems that its supporters see as causing national decline or decadence. Fascists aim to create a single-party state in which the government is led by a dictator who seeks unity by requiring individuals to subordinate self-interest to the collective interest of the nation or a race. Fascist governments permanently forbid and suppress all criticism and opposition to the government and the fascist movement. ..."
Glossary: Fascism, Italian, by Percy L. Greaves, Jr., Mises Made Easier: A Glossary for Ludwig Von Mises' Human Action, 1974
"The policies and principles of the Fascist Party of Italy providing for the complete regimentation of business and the suppression of all opposition. This Party, founded in 1919 by a former socialist editor, Benito Mussolini (1883-1945), marched on Rome in 1922. Mussolini then assumed control of the government and gradually expanded his power until he became an absolute dictator. After the successful Allied invasion of Italy, the Fascists were deposed in 1943 and Mussolini was assassinated by Italian opponents in 1945."


Economic Fascism and the Bailout Economy, by Gary North, 7 Feb 2009
Discusses the fascist roots of the U.S. political system and events since September 2008 to extend government control of private institutions
"The fascist State was always an attempt to control private industry by means of inflation, taxation, and regulation. Fascism was always a system of keeping the big boys alive and happy at the expense of the taxpayers. Of course, the faces changed. The system was always one gigantic system of cartels, regulation, and fiat money. It was, in short, everything that the critics of modern capitalism say is wrong with capitalism."
Related Topic: Federal Reserve System
Alternative Medicine Is Libertarian Medicine, by Butler Shaffer, 2 Dec 2006
Discusses several aspects of healthcare, including self-ownership, being responsible for our own care, decentralised information, the collapse of external authorities and the dehumanizing decisions resulting from institutionalized healthcare
"Under socialism, the state owns all the facilities: the hospitals, clinics, machinery, etc., and the medical staff are paid employees. Under our present system, most hospitals are privately owned, as are the clinics, medical offices, and machinery. Private parties — not the state — must pay for medical malpractice claims and insurance premiums. A system in which property is privately owned but regulated by the state is not one of socialism, but of fascism."