Politics

The Rise of Economic Fascism in America

The Rise of Economic Fascism in America

When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes of Mussolini and Hitler. But there was also an economic policy component of fascism, known as “corporatism,” that was an essential ingredient of economic totalitarianism. In the United States the word fascism may no longer be politically acceptable, but its synonym “industrial policy” is as popular as ever.