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It is his inspiration, his determination, his constant toil that has literally rejuvenated Italy. Congressman Sol Bloom, Chairman of the House Foreign Relations Committee, said in 1926 that Mussolini “will be a great thing not only for Italy but for all of us if he succeeds. 2” As late as 1940, Churchill was still describing Mussolini as “a great man.” 1” Winston Churchill wrote in 1927 that “If I had been an Italian I am sure I would have been entirely with you” and “don the Fascist black shirt. The Duce is now the greatest figure of this sphere and time. The American Ambassador to Italy, Richard Washburn Child, was so impressed with “corporatism” that he wrote in the preface to Mussolini’s 1928 autobiography that “it may be shrewdly forecast that no man will exhibit dimensions of permanent greatness equal to Mussolini. In the United States these policies were not called “fascism” but “planned capitalism.” The word fascism may no longer be politically acceptable, but its synonym “industrial policy” is as popular as ever.įew Americans are aware of or can recall how so many Americans and Europeans viewed economic fascism as the wave of the future during the 1930s. A version of economic fascism was in fact adopted in the United States in the 1930s and survives to this day.
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So-called corporatism was adopted in Italy and Germany during the 1930s and was held up as a “model” by quite a few intellectuals and policy makers in the United States and Europe. But there was also an economic policy component of fascism, known in Europe during the 1920s and ‘30s as “corporatism,” that was an essential ingredient of economic totalitarianism as practiced by Mussolini and Hitler. When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes of Mussolini and Hitler.