• 09 OCT 2011
Doug Casey | Mises.org (The Fascist Threat
[This talk was delivered at the Doug Casey conference, "When Money Dies," in Phoenix on October 1, 2011.]
Everyone knows that the term fascist is a pejorative, often used to describe any political position a speaker doesn't like. There isn't anyone around who is willing to stand up and say, 'I'm a fascist; I think fascism is a great social and economic system."
But I submit that if they were honest, the vast majority of politicians, intellectuals, and political activists would have to say just that.
Fascism is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society.
This describes mainstream politics in America today. And not just in America. It's true in Europe, too. It is so much part of the mainstream that it is hardly noticed any more.
It is true that fascism has no overarching theoretical apparatus. There is no grand theorist like Marx. That makes it no less real and distinct as a social, economic, and political system. Fascism also thrives as a distinct style of social and economic management. And it is as much or more of a threat to civilization than full-blown socialism.
This is because its traits are so much a part of life — and have been for so long — that they are nearly invisible to us.
If fascism is invisible to us, it is truly the silent killer. It fastens a huge, violent, lumbering state on the free market that drains its capital and productivity like a deadly parasite on a host. This is why the fascist state has been called the vampire economy. It sucks the economic life out of a nation and brings about a slow death of a once-thriving economy.
Let me just provide a recent example.
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