U.S. economic elites are reincarnating “Mussolini-style fascism,” says author Joel Kotkin, who has spotlighted the political and economic dominance of the Silicon Valley elites.
Socialist Benito Mussolini allied with corporations to take control of Italy in 1922 after the trauma of World War I. He replaced its raucous, chaotic democracy with his idea of “corporatism,” where the society and economy would supposedly be centrally planned by rational interest groups of business leaders, unions, and farmers.
Mussolini’s idea of an economy controlled from above, with generous benefits but dominated by large business interests, is gradually supplanting the old liberal capitalist model. In the West, for example, the “Great Reset,” introduced by the World Economic Forum’s Klaus Schwab, proposes an expanded welfare state and an economy that transcends the market for the greater goal