Socialism seeks to abolish capitalism outright, while fascism gives the appearance of a market-based economy, even though it relies heavily on the ce… - L.K. Samuels

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Socialism seeks to abolish capitalism outright, while fascism gives the appearance of a market-based economy, even though it relies heavily on the central planning of all economic activities.

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About L.K. Samuels

Lawrence K. Samuels (born December 7, 1951) is an American author, classical liberal, and libertarian activist. He is best known as the editor and contributing author of Facets of Liberty: A Libertarian Primer and In Defense of Chaos: The Chaology of Politics, Economics and Human Action.

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Additional quotes by L.K. Samuels

After the bourgeoisie, middle class, and merchants instigated the French Revolution and sat on the left side of the aisle in opposition to the authoritarians, their legacy was ignored. The Socialist and nationalist intelligentsia sought to consciously bury the memory of original left-wing middle-class history and sitting arrangements. They mercilessly co-opted the left-wing label from the bourgeoisie revolutionary ‘Free Left,’ and denounced anyone who opposed their social revolution as reactionary or right-wing. These usurpers not only stole the left-wing designation from the bourgeoisie insurgents, but also absconded with their revolutionary ancestry. English historian William Doyle acknowledged this historical thievery, writing that after the French Revolution, the socialists were able to ‘appropriate the left-wing label and… lay exclusive claim to the revolutionary heritage.’

In the case of libertarianism, because it opposes fraud and the initiation of force, when pursuing its hereditary linkage to original liberalism it should be classified as standing on the left side of the political divide. Some might respond that legions of capitalists have taken leading roles in authoritarian productions. True, but these so-called capitalists mostly hobnob with politicians and statists, promote rent-seeking, endogenous policies to obtain state-sanctioned monopolies. As the cronies of statists, they are barely a cut above socialism, and have little interest in letting capital and goods move freely and unrestricted between buyer and seller, for whom, in turn, they have little sympathy. They are fastened to government coffers and machinations, and they downplay the value of the dynamics of competition.

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The Democratic People’s Republic of Korea (North Korea) is considered a ‘hereditary monarchy’ that is racist, fascist, and manages to manifest a cult following. After the death of Kim Il-sung, founder of communist North Korea, his son Kim Jong-il inherited the throne in 1994. On December 17, 2011, Kim Jong-il died; within a few weeks, his son [[Kim Jong-un |

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