Statism in its fascist form “attempts to secure economic growth and prosperity by fusing a ‘partnership’ between business and the State, absorbing business into the State in this process.” While communism “[when] faced with existing institutions that threaten the power of the state – be they corporations, churches, the family, tradition – the Communist impulse is by and large to abolish them, while the fascist impulse is by and large to absorb them.”
[1] Essentially, “fascism is a form of hyper-interventionism amounting to socialism.”
[2]
In fact, economist Ludwig von Mises in Human Action discusses that
there is not much difference between fascism and socialism,
[3] only “trivial technicality,” as Daniel James Sanchez describes it. Sanchez summaries Mises distinction:
The only way in which “socialism of the Russian or Lenin pattern” (as Mises termed the more familiar variant of socialism) is distinct from the Zwangswirtschaft [which is basically German for “compulsory economy”] is in the nonessential fact it has no such veneer of faux-private ownership. Its socialism is simply more overt.
Another way of stating this is as follows. In the populist propaganda of Bolshevism, under “socialism of the Russian or Lenin pattern the people ostensibly own the state, and the state in turn owns the means of production. While, under the sham capitalism of Nazism and “socialism of the German or Hindenburg pattern,” the people ostensibly own the means of production, but the state in turn owns the people.
Thus these occupants of different political “poles” really occupy the same ground and are only separated by a trivial technically: the existence or absence of a sham market. Each variant of socialism does indeed have its own distinctive path. But it has nothing to do with “left vs. right,” “poor vs. rich,” or “weak vs. powerful.” Rather, it is a matter of “bureaucratization vs. interventionism.” Bureaucratization, by forthrightly gobbling up the market bite by bite, leads to the overt socialism of the Russian or Lenin pattern. Interventionism, by subtly crippling the market and replacing it incrementally with a network of government diktats, leads to the sham market of socialism of the German or Hindenburg pattern.