The new n-word
- Jan 8, 2020
Wrong, socialism is when the government does stuffSocialism is an economic system where capital goods (means of production) are shared and controlled communally. The philosophy is built around the idea of preventing inequality of economic power by giving everyone an equal share and equal voice in the use of capital. Essentially, it's the economic equivalent of a direct democracy.
National Socialism (or German Fascism), despite it's name, shares more in common with Keynesian economic policy than it does with Socialism (or Marxism). Fascist economics tends to be against "loan-capitalism," where profit is based on speculation, but that's more or less where the hard similarities with Socialism end. Fascism promotes class solidarity, while Socialism, with the exception of some moderates, proposes the complete elimination of class distinctions, often through violent means. Fascism supports the artificial stimulation of the economy by the government which, despite what some American Conservatives might tell you, is a Keynesian policy rather than a Socialist one. Along with all of this, Fascism is a free-market system that allows for private ownership of capital goods as well as capital accumulation, concepts that any "good socialist" would despise. National Socialists were also strongly opposed to the "welfare state," preferring instead to take a more "social Darwinism" approach to economics; that is to say, let those who cannot support themselves die and allow the strong to thrive.