CHAPTER 8 FDR and the Economic Royalists

We have a name for government of, by, and for corporations. It’s called fascism.

Benito Mussolini, one of the best-known fascists of the twentieth century, claimed to have invented the word. It was actually Italian philosopher Giovanni Gentile who wrote the entry in the Encyclopedia Italiana that said: “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.” Mussolini, however, affixed his name to the entry and claimed credit for it.

In 1938 Mussolini realized his vision of fascism when he dissolved Parliament and replaced it with the Camera dei Fasci e delle Corporazioni—the Chamber of the Fascist Corporations. Corporations were still privately owned, ...

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