“Other common names for fascism are 'crony capitalism', 'state capitalism', 'corporate socialism' and 'mercantilism'. Sometimes members of the mercantile class become partners with the state and, in certain circumstances, even end up controlling it. The whole thing looks like a different system than ordinary socialism until you apply the ethical definition. What's more important in a fascist society, the needs and wants of the group, or the rights of the individual? As Mr. Spock once famously observed (in the original James Blish novel Spock Must Die), 'a difference that makes no difference is no difference.”

—  L. Neil Smith

"To Reduce Them Under Absolute Despotism".

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Other common names for fascism are 'crony capitalism', 'state capitalism', 'corporate socialism' and 'mercantilism'. So…" by L. Neil Smith?
L. Neil Smith photo
L. Neil Smith 99
American writer 1946

Related quotes

“[Professor Jennifer] Burns doesn't seem to understand that when leftists, or conservatives or liberals for that matter, refer to capitalism, they don't mean what Ayn Rand meant by it. They mean the system that is otherwise known as mercantilism, corporatism, state capitalism, or even fascism—a system in which huge corporations, aided by the state, dominate a heavily-regulated and centrally-directed economy. This is what both conservatives and liberals advocate, this is what the New Left opposed. One New Left guru, the late Murray Bookchin, told me thirty years ago in Boston that he had no quarrel with what Ayn Rand and Murray Rothbard meant by the term capitalism, a system in which people divide their labour, specialise in producing certain goods and services, and trade among themselves. Bookchin told me that he would say that that is not capitalism, though there are many different definitions.”

Jeff Riggenbach (1947)

About Murray Bookchin
"Ayn Rand and the Early Libertarian Movement," 2010

“Like its progenitor, capitalism, fascism is totally opposed to socialism. Fascist Germany and Italy attacked both the other capitalist states and the Soviet Union, which was still the only socialist state in the world by 1939. The defeat of fascism was therefore a victory for socialism, and at the same time it preserved the other capitalist nations from having to take the historically retrograde step of fascism.”

Walter Rodney book How Europe Underdeveloped Africa

Source: How Europe Underdeveloped Africa (1972), p. 310.

Alfredo Rocco photo

“For liberalism, the individual is the end and society the means… For fascism, society is the end, individuals the means, and its whole life consists in using individuals as instruments for its social ends. The state, therefore, guards and protects the welfare and development of individuals not for their exclusive interest but because of the identity of the needs of individuals with those of society as a whole.”

Alfredo Rocco (1875–1935) Italian politician and jurist

Source: The Political Doctrine of Fascism (1925), p. 112

Antonie Pannekoek photo

“The system of production developed in Russia is State socialism. It is organized production, with the State as universal employer, master of the entire production apparatus. The workers are master of the means of production no more than under Western capitalism. They receive their wages and are exploited by the State as the only mammoth capitalist. So the name State capitalism can be applied with precisely the same meaning. The entirety of the ruling and leading bureaucracy of officials is the actual owner of the factories, the possessing class.”

Antonie Pannekoek (1873–1960) Dutch astronomer and Marxist theorist

Workers Councils (1947), Section 2.5

“Corporations are properly associated with mercantilism, rather than capitalism. Mercantilism is a system under which government grants special status to one or more company at the expense of its competitors. The British East India Company, for example, possessed an exclusive, royally-granted 'right' to conduct trade between India and China, on the one hand, and the British Empire for more than 250 years.
Private capitalism, by contrast, is a system under which various enterprises compete in the marketplace by offering the highest quality goods and services they can, at the lowest possible prices. Progress occurs as individuals and companies strive to raise quality and lower prices.”

L. Neil Smith (1946) American writer

"Corporations, Mercantilism, and Capitalism," http://www.ncc-1776.org/tle2010/tle576-20100627-02.html 27 June 2010.

“It is generally conceded that mercantile capitalism preceded and prepared the ground for modern industrial capitalism.”

Eric Roll, Baron Roll of Ipsden (1907–2005) British economist

Source: A History of Economic Thought (1939), Chapter II, Commercial Capitalism and its Theory, p. 65

Hermann Rauschning photo

“There were two modern ideas of the State which, they believed, had the same tendency to set up a despotic administrative system. One was the deification of the State and the absolute subordination of the individual to it. That was the solution of Fascism and, as they added later, of National Socialism. The other was the State of the common weal, or, as would be said today, the State of social services. It was the modern form of the ‘philanthropic’ State, in which the individual was controlled for his good by the State, down to the smallest details of life. The Bolshevist State, they considered, lay in the line of this conception.”

Hermann Rauschning (1887–1982) German politician

Source: Men in Chaos (1942), pp. 138-139

Kenneth N. Waltz photo

“Once socialism replaces capitalism, reason will determine the policies of states.”

Kenneth N. Waltz book Man, the State, and War

Source: Man, the State, and War (1959), Chapter V, Some Implications Of The Second Image, p. 150

Wilhelm Reich photo

“In the strictly Marxist sense, there is not even in Soviet Russia a state socialism but a state capitalism.”

Wilhelm Reich book The Mass Psychology of Fascism

Preface to the Third Edition (August 1942)
The Mass Psychology of Fascism (1933)
Context: In the strictly Marxist sense, there is not even in Soviet Russia a state socialism but a state capitalism. According to Marx, the social condition "capitalism" does not consist in the existence of individual capitalists, but in the existence of the specific "capitalist mode of production", that is, in the production of exchange values instead of use values, in wage work of the masses and in the production of surplus value, which is appropriated by the state or the private owners, and not by the society of working people. In this strictly Marxist sense, the capitalistic system continues to exist in Russia. And it will continue to exist as long as the masses of people continue to lack responsibility and to crave authority.

Raya Dunayevskaya photo

“Let me examine the alleged "distinction from capitalism" characteristic of the Soviet Union and see whether it isn't a distinction from a certain stage of capitalism rather than from capitalism as a whole. The determining factor in analyzing the class nature of a society is not whether the means of production are the private property of the capitalist class or are state-owned, but whether the means of production … are monopolized and alienated from the direct producers. The Soviet Government occupies in relation to the whole economic system the position which a capitalist occupies in relation to a single enterprise. … "Bureaucratic state socialism" is an irrational expression behind which there exists the real economic relation of state-capitalist-exploiter to the propertyless exploited.”

Raya Dunayevskaya (1910–1987) American philosopher

"The Union of Soviet Socialist Republics is a Capitalist Society" (1941), in Russia: From Proletarian Revolution to State-Capitalist Counter-Revolution (2017), p. 210

Related topics