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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]
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Samizdata quote of the day Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.
– Benito Mussolini (as quoted in “Universal Aspects of Fascism” by James Strachey Barnes, Williams and Norgate, London: UK, (pp. 113-114), 1928)
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Also of interest is the Preface to the German edition (1936) of Keynes’s General Theory.
See this short essay, especially section 3, for the relevant quote and some historical context.
Oh goody, economics.
IMHO……
Ever wonder why Mr.White had to keep Mr. Keynes occupied running around with “busy work” while the
REAL pretenders to the “Award Winning Economist” throne were gearing up for “The Battle of Bretton Woods?”
Of course, Mr. Nixon “fixed” all that by closing Ft. Knox. NOW the U.S. can “carry” $23,000,000,000,000+ in I.O.U.s, so it can GIVE away “foreign aid”. plus indeterminate unfunded pending liabilities.
And yes,high content Silver (and picture frames) IS part of my “portfolio”, how kind of you to ask!
CaptDMO, Mr. White may have had his hands full with Mr. Keynes, but he was also kept busy sharing information with his Soviet handlers during the same period.
In July 1941, Bernard Baruch warned Roosevelt not to trust Keynes, describing very bad experiences at the Paris peace conference in 1919. Roosevelt wrote in reply that “I did not have those Paris peace conference experiences with the ‘gent’ but from much more recent contacts I am inclined wholly to agree.” Keynes later wrote that he “had expected to find the president more economically literate” (by which he seems to have meant, more inclined to agree with Keynes). Roosevelt at the start of his presidency was not as far as could be wished from fascist economics himself (Goebbels said some nice things about him back then), but by 1941 he seems to have seen through Keynes.
Keynes did his best to get Germany out of paying reparations – and thereby to fool people into thinking no reparations were paid. All the reparations were paid of course: the mines were pumped out, the fields re-ploughed, the buildings rebuilt, the pensions paid – with many still being paid when Germany attacked again 20 years later. They just weren’t paid by the Germans. Mostly, they were paid by the French, which certainly helped weaken France for the rematch.
It felt good to be able to comment on this post the day before it was posted.
It is the biggest political deception of last 100 years due to WW2 that many do not know that Fascism was Socialism.
La svolta avvenne però con la marcia su Roma. Tra i primi atti di governo Mussolini incontrò il 7 e 12 novembre Vorovskij, sottolineando le affinità ideologiche tra la Russia bolscevica e l’Italia fascista, accomunate anche dalla contestazione degli assetti di Versailles, e manifestando l’intenzione di riallacciare le
relazioni diplomatiche a condizione che Mosca rinunciasse a intromettersi nella politica interna italiana e ad appoggiare il PCd’I. La condizione fu accettata e le
prime immediate conseguenze riguardarono proprio le forniture aereonautiche.
Quasi alla vigilia del primo anniversario del Patto italo-sovietico Stalin inviò a Roma una delegazione di 6 generali e altri
33 esponenti civili dell’aviazione sovietica, giunta il 6 agosto 1934 a Centocelle con 3 quadrimotori TB-3 (ANT-6) e accompagnata l’8 pomeriggio a Palazzo
Venezia dai sottosegretari agli Esteri e all’Aeronautica Fulvio Suvich e generale Giuseppe Valle: all’apprezzamento espresso dal duce per i crescenti progressi
dell’aviazione sovietica, la delegazione rispose con un triplice «hurrà!»
From page 372 to 394 an abridged story of Italian and Fascist military cooperation with Communist Soviet Union
https://archive.org/details/Volume2019ITOMOColore/page/n371
These are things that most British and US journalists censor.
Hitler’s National Socialism was a form of socialism (or, one might say, included socialism) – one of the many give-aways being that the Nazis always called themselves socialists and did not call themselves fascists. The left established the habit of calling them fascists instead of national socialists – for obvious reasons.
As regards Mussolini’s fascism, I prefer the formulation that fascism was an evolution of socialism by socialists – one that went by a succession of small stages, each stage a natural evolution from the state of its predecessor, but one that eventually went so far that those in the movement stopped calling themselves socialists and founded the fascist movement.
Quoted from The Mystery of Fascism by David Ramsay Steele of the Libertarian Alliance.
As the essay later notes, fascism’s repudiation of total, explicit ‘nationalisation of the means of production’ did not prevent massive state intervention: I describe the form it took in this recent comment.
However, Keynes also wrote approvingly of The Road to Serfdom by Hayek…the true master of economic thought…
Correct – and Snorri is correct to bring up the disgusting preface (written by Keynes) to the German edition of his “General Theory” in 1936.
mickc – “Keynes also wrong approvingly of The Road to Serfdom” – only if one QUOTES OUT OF CONTEXT.
In context it is clear that Keynes does not change his Fascist view of economics (state control by regulations and by the flow of credit money – getting rid of the need for Real Savers) – he just want to marry Fascist economics to “liberal” politics (elections, civil liberties and so on) he urges Hayek to turn to the “moral problem” of making sure the “right people” are in charge of the all mighty state.
This shows that Keynes missed the central point of the Road to Serfdom – that it does not matter much who is in charge of the state, what matters is the size and scope of the state.
J.M Keynes had a Fascist view of the State – he was a “liberal” in the American sense of that word, i.e. total state power (Fascism). He was NOT a liberal in the sense that Prime Minister Gladstone was.
Keynesianism is a road to state despotism – to the destruction of Real Savers (and their replacement by Credit Money flow), and the destruction of REAL private property in the means of production, and of such institutions as the traditional family.
People who think that the Bloomsbury Set (that group of political totalitarians and sexual perverts – perverts out of PRINCIPLE due to their hatred of the family and traditional communities) were “liberals” have turned Gladstone on his head.
That the economic and moral (or rather immoral – anti moral) opinions of Keynes were linked is made clear in “Where Keynes Went Wrong” by Hunter Lewis.
One should not only see the Bloomsbury Set – one should also see the totalitarians who tended to dominate the “Apostles Club” at the University of Cambridge. They believed that a small group of “enlightened” people should control the rest of humanity – the rest of us being (in their eyes) just cattle.
“As regards Mussolini’s fascism, I prefer the formulation that fascism was an evolution of socialism by socialists – one that went by a succession of small stages, each stage a natural evolution from the state of its predecessor, but one that eventually went so far that those in the movement stopped calling themselves socialists and founded the fascist movement.
A. James Gregor has argued that Fascism is a Marxist heresy – a claim that has to be handled with care. Marxism is a doctrine whose main tenets can be listed precisely: class struggle, historical materialism, surplus-value, nationalization of the means of production, and so forth. Nearly all of those tenets were explicitly repudiated by the founders of Fascism, and these repudiations of Marxism largely define Fascism”
Unfortunately that is the typical Anglo Saxon view and wrong. Fascism is not an heresy, Fascism can be seen as a moderate form of Marxism. It is mostly a difference of tactics they disagree with.
Class Struggle is not repudiated by Fascism – it is accepted that why they developed Corporatism to tame the struggle.
Nationalization of the means of production – Well Italian economy was pretty much run with state. It was the second country with more state owned economy.
And what blocked more control was the tactical alliance between Fascists and Monarchists.
Fascists did not killed the King because they were socialist moderates.
A nice example of what was Fascist thinking is in 1943 when Fascism stopped being aligned with Monarchist forces: what was the economical project? the Socialization of Economy where return of profits had to be distributed by every company worker and not to the owners which would be only managers https://it.wikipedia.org/wiki/Socializzazione_dell%27economia
Also the Ethical State from Hegel is adopted by Marxism and Fascism, that is why both give total power to the state.
By mid 30’s the Italian Communists tried to get Fascists out of the alliance with Monarchists proposing a Communist-Fascist alliance saying that Communists would accept the Quarnaro Fascist declaration. Which was refused, at that time Fascists were on high.
Communists never proposed a ideological alliance to capitalists, bourgeois etc .
All of this can be read in Italian but the language and WW2 propaganda barrier is enormous.
The failure to stress the proximity of Marxist and Fascist thought is why we have the Academia, Media, Education in Marxist hands.
That is the historical mistake of World War 2.