No country can squander itself to prosperity on the ruin of its taxpayers. - Herbert Hoover

The present economic organization of Fascism is based on the “Corporate State,” the necessity for which is stated to be “Economic Planning.” The Italian word Corporasioni currently translated as “corporation” is misleading, as its import is not our business corporation; it is more nearly that of the old English “guild.” In more modern expression, which again in American terms is not quite precise, the system is based upon the creation separately of Fascist “labor unions” and Fascist “trade associations” in each industry or calling, whose authority through committees and administrators is binding upon all those engaged in that industry or calling,…

In order that there can be no doubt as to its antithesis to Liberalism, we may well accept Premier Mussolini’s definition of Fascism: . . . ‘Granted that the nineteenth century was the century of Socialism, of Liberalism and Democracy . . . it may rather be expected that this will be the century of authority, a century of the left, a century of Fascism; for if the nineteenth century was a century of individualism (Liberalism always signifying individualism) it may be expected that this will be the century of collectivism, and hence the century of the state. . .’

The only problem with capitalism is the capitalists.