The first fascist state, Italy, was pretty openly capitalist. Mussolini himself described it as “corporatism”, and the country openly attacked socialists, trade unionists and workers’ rights in general.
The country was probably also likely the first to engage in widespread privatization. Even by a non-Marxist definition of capitalism, it seems hard to consider it to be anything but capitalism.
Similarly, Nazi Germany underwent a strong process of privatization. It is true that the state played a large role in the economy in both countries, but this was only done to preserve capitalism/private ownership. Both Hitler and Mussolini were supported by big industrialist capitalists.
The fact is that the existence of capital, wage labour and exchange value as social forces is what makes capitalism capitalism, not the “size” of the state. It is absurd to say that even direct state control of industry makes a country socialist - if this were true then you would say that people such as Bismarck or Napoleon were socialist. A fascist economy, where capital is deliberately moved into private hands, to the benefit of many capitalists, even with the state dictating the economy, is capitalist.
If you want to read a left-wing perspective on fascism and the role it plays,
you should read this pamphlet. I appreciate that it’s written by a controversial figure, but it’s very good. Essentially fascism preserves capitalism by uniting all of the disenfranchised masses who are suffering at the decline of capitalism into a social movement which seeks to use the state to preserve private ownership. Fascism rises up when liberal democracy can no longer preserve capitalism - once the communists start making progress politically, as they did in Weimar Germany, fascism rises up to viciously put down any opponents of capitalism and ensure the rule of private capital. It might not meet your “libertarian” notion of what capitalism should be, but understand that it benefited many large capitalists who openly supported fascism to preserve their ownership of industry against the threat of socialism. Fascism is antithetical to socialism, it seeks to destroy the socialist movement.
Also, on the subject of the Nazi party calling themselves socialist,
you should see what Hitler had to say about that. In this interview Hitler pretty explicitly separates Nazism from any normal conception of socialism, along with Marxian socialism. Instead, for him, socialism is some kind of ethnic thing - the idea that the Germans as a race hold certain lands in common. Here are some quotes I picked out:
"Why," I asked Hitler, "do you call yourself a National Socialist, since your party programme is the very antithesis of that commonly accredited to socialism?"
Here the Nazis admit that they are not really socialist.
Communism is not Socialism. Marxism is not Socialism. The Marxians have stolen the term and confused its meaning. I shall take Socialism away from the Socialists.
Hitler admits he is trying to redefine socialism.
**Marxism has no right to disguise itself as socialism. Socialism, unlike Marxism, does not repudiate private property.
**
Again, Hitler admits that his concept of “socialism” bears no resemblance to any previous conception. He is using the term “socialism” to refer to something that is specifically not socialist. As Viereck, the man conducting the interview, admits, it is explicitly the antithesis of socialism. Viereck was a committed Nazi, too.
Stalin and Mao are the legacy of socialism…
Firstly, I’m not American. Secondly, this ridiculous lie that socialists have only recently started rebuking the USSR and the PRC is just that, a fabrication. Socialists have been some of the most vocal critics of it from the start. Left communists, anarchists and Trotskyists have been criticized the USSR since its inception (well, ever so slightly later with Trotskyists - technically around 1923, I suppose). Some notable early critiques of the USSR:
The Revolution Betrayed - 1936
There is no Communism in Russia - 1935
Left-communists such as
Bordiga,
Pannekok and
Mattick were all criticizing the USSR as being “state capitalist” as early as the 1920s and 1930s.
Rosa Luxemburg was very critical of Lenin.
Certainly the definitions of socialism, communism and capitalism I use are not conceptions that came after the USSR, but that predate it by decades. They are definitions that Marx used. He died in 1881, and the USSR was formed in 1922. They predate Stalin and Mao by decades, a century for Mao. Certainly the definition of communism I use, that it is a classless, stateless society where the means of production are held in common by all and exchange value does not exist, is the properly understood definition of communism, the original definition. Stalin and Mao themselves would have recognized that as communism - they did not believe to have created communist societies yet. Stalin never recognized the USSR as being communist, and Mao did not recognize the PRC as being communist. They would both consider them to be socialist countries on the road to achieving communism.