See You Next Month?
See you in precisely one month at the London Economic Confidence Model Seminar! Can’t attend in person? Keep reading to learn about our virtual ticket option. Prepare to embark on [...]
Socialist — Fascist — Communist
I have been asked to explain the differences between socialism, fascism, and communism for some people seem to mix them all up.
A “socialist” is akin to a fascist for there governments seeks to dictate control. They do not pretend to own private property. Communists seize all private property and place it in the hands of the state. There is no freedom whatsoever.
Fascists view the world as a military state and see a liberal democracy as totally obsolete. In this context, they see the goal as the total mobilization of society, and as such, the state becomes a dictator. This is closer to socialists who view private property as subject to the permission of the state and as a national resource to redistribute to those who do not earn what they receive.
Under socialism, the state assumes the capability to manage the economy, but if they do not understand how it functions, they are incapable of managing the outcome. So socialists and fascists have a lot in common whereas communism just robs everyone and deprives the individual of the freedom to even choose their own career path.
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