Fascism should be more properly called corporatism, since it is the merger of state and corporate power.
If ever the Time should come, when vain & aspiring Men shall possess the highest Seats in Government, our Country will stand in Need of its experienced Patriots to prevent its Ruin.–Samuel Adams
Economic fascism, which is simply heavy government regulation and control of what is only nominally private property, serves essentially the same purpose for conspirators as outright government ownership under socialism. And fascism is the economic program increasingly being followed in the United States and the formerly socialist nations of Eastern Europe today.
Socialist or fascist economic policy is necessary for dictatorial revolution in an elective government — and not simply because socialism or fascism concentrates the physical power of the state in the few who run the executive branch of government. While these policies certainly enable the state to acquire power (and to shift power away from the legislature) their chief role as necessary ingredients for revolution is that they give the state hegemonic control (leadership) over the various non-governmental cultural institutions — institutions which may have enough strength to resist and overthrow a political coup d’etat.
The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly.
“Our political system is decaying,” said Ralph Nader when I reached him by phone in Washington, D.C. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”
This moment in American history is what Antonio Gramsci called the “interregnum”—the period when a discredited regime is collapsing but a new one has yet to take its place. There is no guarantee that what comes next will be better.