Capitalism has existed for centuries and usually did not end in fascism. There’s no historical support for this claim. It’s simply an invention of authoritarian leftists because it’s useful to convince people they need to choose one brand of authoritarianism or the other.
Fascism at its core is a way for a minority of the population to say, “we deserve wealth and power over everyone else regardless of merit. We’re going to take away rights and opportunity from everyone in order to give ourselves an unfair advantage. We’ll make it so only our group counts a fully legally human, and we’ll dominate society and the economy accordingly.” In this general sense, capitalism for the vast majority of its history has been some flavor of fascist, in the general sense. Obviously as a specific political system, fascism is more particular. But in the general sense of its mechanism, where one group tries to take control by stripping the rights from everyone else? That is the norm in capitalist societies, not the exception.
For the vast, vast majority of capitalism’s history, it’s been built on defining a certain in group who have rights, and an out group who have no rights and can be exploited. Western countries didn’t even give economic freedom to the majority of their population until the last 50 years or so. Women were legal property and couldn’t have bank accounts. They were legally not considered fully human in the same way men were. Men didn’t want to compete with women, so they took away women’s freedom and didn’t allow them to compete in the marketplace. The majority of the population, completely excluded from economic life, in the most capitalist societies on Earth.
Or you could look it from a racial lens. De jure discrimination was written into the law until the 1960s or so. And de facto racial discrimination never went away. You say that capitalism doesn’t usually end in fascism, yet the US kept a substantial portion of its population in a nightmare system of fascist apartheid. White people didn’t want to compete with black people in the market, so they stripped black people of their civil rights.
The key thing to keep in mind about capitalism is that in a true free market, no one earns any profits. If there were no barriers to entry, starting competitors would be easy, and profit margins for all businesses would be razor thin. But that’s not how capitalism works in the real world. There are barriers to entry, and in capitalist countries, owners and those in power do everything they can to give themselves unfair advantages so they don’t have to compete in the market. And one of the easiest ways to make sure your group doesn’t have to compete freely in the market is to simply declare large swaths of the population as not fully human and thus undeserving of economic freedom.
Capitalism has existed for centuries and usually did not end in fascism. There’s no historical support for this claim. It’s simply an invention of authoritarian leftists because it’s useful to convince people they need to choose one brand of authoritarianism or the other.
Fascism at its core is a way for a minority of the population to say, “we deserve wealth and power over everyone else regardless of merit. We’re going to take away rights and opportunity from everyone in order to give ourselves an unfair advantage. We’ll make it so only our group counts a fully legally human, and we’ll dominate society and the economy accordingly.” In this general sense, capitalism for the vast majority of its history has been some flavor of fascist, in the general sense. Obviously as a specific political system, fascism is more particular. But in the general sense of its mechanism, where one group tries to take control by stripping the rights from everyone else? That is the norm in capitalist societies, not the exception.
For the vast, vast majority of capitalism’s history, it’s been built on defining a certain in group who have rights, and an out group who have no rights and can be exploited. Western countries didn’t even give economic freedom to the majority of their population until the last 50 years or so. Women were legal property and couldn’t have bank accounts. They were legally not considered fully human in the same way men were. Men didn’t want to compete with women, so they took away women’s freedom and didn’t allow them to compete in the marketplace. The majority of the population, completely excluded from economic life, in the most capitalist societies on Earth.
Or you could look it from a racial lens. De jure discrimination was written into the law until the 1960s or so. And de facto racial discrimination never went away. You say that capitalism doesn’t usually end in fascism, yet the US kept a substantial portion of its population in a nightmare system of fascist apartheid. White people didn’t want to compete with black people in the market, so they stripped black people of their civil rights.
The key thing to keep in mind about capitalism is that in a true free market, no one earns any profits. If there were no barriers to entry, starting competitors would be easy, and profit margins for all businesses would be razor thin. But that’s not how capitalism works in the real world. There are barriers to entry, and in capitalist countries, owners and those in power do everything they can to give themselves unfair advantages so they don’t have to compete in the market. And one of the easiest ways to make sure your group doesn’t have to compete freely in the market is to simply declare large swaths of the population as not fully human and thus undeserving of economic freedom.