Tuesday, October 14, 2008

Why Fascism Instead Of Communism ?

Tom DiLorenzo posted this on the blog page of the Lew Rockwell site and it is very interesting:

"Private ownership of savings . . . can be socially controlled. The social abuses connected with savings are encountered mainly in the mechanics of investment and financial management by the large banks, savings institutions, and insurance companies which handle savings. It is a relatively easy matter for the State to preserve the present de facto rights and interests of small savers while completely nationalizing the financial institutions which now administer their savings."

This excerpt was from page 176 in the chapter entitled "Why Fascism Instead of Communism?" in the 1936 book The Coming American Fascism written by American pro-fascist author Lawrence Dennis.

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