“The similarities of the economics of the New Deal to the economics of Mussolini's corporative state or Hitler's totalitarian state are both close and obvious.”

— Norman Thomas

Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933-1939, Wolfgang Schivelbusch, (2006) Metropolitan Books, pp. 28-29.

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Norman Thomas15

American Presbyterian minister and socialist 1884–1968

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“The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation… The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated "oil crisis" in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…”

C. Wright Mills (1916–1962) American sociologist

Character & Social Structure (1954).
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“Ken also identified the corporation, not “the market,” as the defining institution of modern economic activity, developing these and related themes both in his teaching and in such widely celebrated books as American Capitalism (1952) and The New Industrial State (1967). But his interest in these ideas persisted throughout his life. The central importance of the corporation, and the fear that government was no longer able to provide an adequate countervailing force against corporate influence exerted both legally and otherwise, was the subject of his last book, The Economics of Innocent Fraud”

Amartya Sen (1933) Indian economist

2004
Stephen A. Marglin, Richard Parker, Amartya Sen, and Benjamin M. Friedman, “John Kenneth Galbraith”, Harvard Gazette (February 7, 2008)
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“In 1925, Mussolini adopted the term [totalitarian] and assigned it a positive meaning. He defined Fascism as ‘totalitarian’ in the sense that it politicized everything ‘human’ as well as ‘spiritual’: ‘Everything within the state, nothing outside the state, nothing against the state.”

Richard Pipes (1923–2018) American historian

Source: Russia Under The Bolshevik Regime (1994), p. 243

“The individual was the state, and the state was Italy, and Italy was Fascism, and Mussolini was all of them. Such a series of substitutions constitutes the sustaining logic of charismatic totalitarian socialism.”

A. James Gregor (1929–2019) American political scientist

Source: The Ideology of Fascism: The Rationale of Totalitarianism, (1969), p. 326

“Already in the last few decades, economic powers have reached the point of imperiling the stability of the state through new forms of the circulation of capital that go by the generic name of multinational corporations.”

Jean-François Lyotard (1924–1998) French philosopher

Source: The Postmodern Condition: A Report on Knowledge (1977), p. 5

“The economic policies of Mussolini’s Italy and Hitler’s Germany resembled the ‘state socialism’ which Lenin wanted to institute in Soviet Union upon coming to power, under which private enterprise would work for the government—an idea Lenin was force to abandon under the pressure of the ‘Left Communists’.”

Richard Pipes (1923–2018) American historian

Source: Property and Freedom (1999), p. 218

“If the state is the executive committee of the great corporation and the planning system, it is partly because neoclassical economics is its instrument for neutralizing the suspicion that this is so.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Power and the Useful Economist (1973)
Context: This is what economics now does. It tells the young and susceptible (and also the old and vulnerable) that economic life has no content of power and politics because the firm is safely subordinate to the market and the state and for this reason it is safely at the command of the consumer and citizen. Such an economics is not neutral. It is the influential and invaluable ally of those whose exercise of power depends on an acquiescent public. If the state is the executive committee of the great corporation and the planning system, it is partly because neoclassical economics is its instrument for neutralizing the suspicion that this is so.

“The corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool for advancing social and economic policy.”

Joel Bakan (1959) Canadian writer, musician, filmmaker and legal scholar

Source: The Corporation: The Pathological Pursuit of Profit and Power (2004), Chapter 6, Reckoning, p. 158

“The broadening of the economic order which came to be seated in the individual property owner… dramatized by Jefferson's purchase of the Louisiana Territory… "The supremacy of corporate economic power… consolidated by the Supreme Court decision of 1886 which declared that the Fourteenth Amendment protected the corporation… [the New Deal, leading to], within the political arena, as well as in the corporate world itself, competing centers of power that challenged those of the corporate directors.”

C. Wright Mills book The Power Elite

Source: The Power Elite (1956), P. 270-272; key shifts in power relations which Mills contends have brought us to the current state.

“The similarities of the economics of the New Deal to the economics of Mussolini's corporative state or Hitler's totalitarian state are both close and obvious.”

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Norman Thomas15

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