Fascist Headquarters, Rome. 1934
While listening to the "Great One" (AKA Mark Levin) tonight over the livestream, he read a Pajamas Media piece by Michael Ledeen who dares use the "F" word to describe the road we have embarked upon: Fascism. Reacting to a Newsweek article claiming "We’re All Socialists Now," Ledeen writes
that’s not socialism. Socialism rests on a firm theoretical bedrock: the abolition of private property. I haven’t heard anyone this side of Barney Frank calling for any such thing. What is happening now–and Newsweek is honest enough to say so down in the body of the article–is an expansion of the state’s role, an increase in public/private joint ventures and partnerships, and much more state regulation of business. Yes, it’s very “European,” and some of the Europeans even call it “social democracy,” but it isn’t.
It’s fascism. Nobody calls it by its proper name, for two basic reasons: first, because “fascism” has long since lost its actual, historical, content; it’s been a pure epithet for many decades. Lots of the people writing about current events like what Obama et. al. are doing, and wouldn’t want to stigmatize it with that “f” epithet.
Second, not one person in a thousand knows what fascist political economy was. Yet during the great economic crisis of the 1930s, fascism was widely regarded as a possible solution, indeed as the only acceptable solution to a spasm that had shaken the entire First World, and beyond. It was hailed as a “third way” between two failed systems (communism and capitalism), retaining the best of each. Private property was preserved, as the role of the state was expanded. This was necessary because the Great Depression was defined as a crisis “of the system,” not just a glitch “in the system.” And so Mussolini created the “Corporate State,” in which, in theory at least, the big national enterprises were entrusted to state ownership (or substantial state ownership) and of course state management. Some of the big “Corporations” lasted a very long time; indeed some have only very recently been privatized, and the state still holds important chunks–so-called “golden shares”–in some of them.
Back in the early thirties, before “fascism” became a pure epithet, leading politicians and economists recognized that it might work, and many believed it was urgently required. When Roosevelt was elected in 1932, in fact, Mussolini personally reviewed his book, Looking Forward, and the Duce’s bottom line was, “this guy is one of us.”
Hmm. And you wonder why Obama seeks to emulate FDR? Read the whole thing.
