At this point I do hope I am not confusing readers with the terms “fascist” and “socialist.” Both are forms of utopianism and are based on central planning by a few elitist individuals. The only true difference is in the ownership of production. In the classic socialist or Marxist state, the government not only directs but owns the means of production. In the fascist state—sometimes referred to as “national socialist” —the central planners still direct the means of production, but ownership or part ownership remains with individuals. Under this definition, the current single-party economic model of China is- “national socialist” or “fascist” rather than Communist.
Thomas J. DiLorenzo, The Problem with Socialism (New Jersey, NJ: Regnery, 2016), 138-139.
CNS-NEWS notes that,
…In a Dec. 14, 1975 interview with 60 Minutes correspondent Mike Wallace, Reagan discussed his political philosophy, saying that “the heart of my philosophy is much more libertarianism, than –.” Wallace then interrupted, “Well, that’s the fashionable word these days, I guess. A conservative is no longer just that, he’s a libertarian.”
Reagan continued, “It always has been. How do we call a liberal? You know, someone very profoundly once said many years ago that if fascism ever comes to America, it will come in the name of liberalism.”
“And what is fascism?” Reagan said. “Fascism is private ownership, private enterprise, but total government control and regulation. Well, isn’t this the liberal philosophy?”
“The conservative, so-called, is the one that says less government, get off my back, get out of my pocket, and let me have more control of my own destiny,” he said….