by Fabrizio Ferrari
Mises.org
On the back of the economic crisis brought about by the COVID-19 pandemics, we are witnessing—once more—so-called economists, historians, and pundits attempting to proclaim the failure of capitalism. Their criticisms of the capitalistic organization of human cooperation and coexistence are various, but there are three strains of ideological attack against capitalism which seem to me to occur more often than others.
There is an element about anticapitalism that is often neglected: even though anticapitalism is usually associated with socialism and leftist movements, we can find the very same anticapitalistic mentality in the fascist ideology. As Thomas DiLorenzo pointed out in his latest Mises U lecture on the topic, fascism is just a particular kind of socialism—just like communism itself is. Hence, the fact that fascists and communists share the same contempt for capitalism should not surprise anyone.