this post was submitted on 28 Nov 2024
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That's just not true.
Capitalism is economic activity with little to no interaction with the government. When the economic activity is done directly by or closely affiliated with a government, I don't consider it capitalism. Capitalism is all about private ownership, meaning not the government, so the more distanced the activity is from the government, the more pure capitalism is.
They certainly used certain socialist institutions, but no, they absolutely were not socialist.
They were fascist, and fascism is built on the idea that everything should be done in service of the state, which is the justification they used for seizing private businesses to use in service of state interests. Fascism is directly opposed to socialism, because socialism is built on the idea that everything should be done in the service of the collective, and the state only exists to serve the interests of the collective.
Capitalism, on the other hand, is opposed to both, since it's built on the idea that everything should be done in service of the individual, meaning individuals should be empowered to make their own choices. Fascism is also directly opposed to capitalism, because fascism does not care at all about the individual and only cares about the state. Fascists will lie to you and say they support capitalism, but once they get in power, they'll seize your assets if it furthers their interests.
Socialism is dangerous because the "state" and the "collective" often get confused, and those in power prioritize the "state" (i.e. themselves) over the collective. It's not a problem with the ideology directly, but with how humans naturally behave. Fascism is dangerous because it doesn't even pretend to prioritize the needs of anyone, it only exists to get more power for the people in charge. Capitalism is dangerous because individuals can get too powerful by accruing wealth, which is why a strong government must exist to keep the playing field fair, and it needs to simultaneously be as separated from private interests as possible so it doesn't devolve into oligarchy (as in, those with money also get political power).
So far, it seems like liberalism paired with (mostly) free markets has done the best at preserving and protecting individual rights and slowing the collapse into authoritarianism. But the human condition seems to gravitate toward authoritarianism, so nothing is prefect.