Functionally, a fascist economy functions very similarly to the modern US conservative wet dream of deregulation:
http://en.wikipedia.org/wiki/Economy..._under_fascism
The economy may be run by the state... in the sense that the state appoints those private entities to run the economy... which is what they would be doing in a more laissez faire system.
The Labour Charter of 1927 confirmed the importance of private initiative in organising the economy, while still reserving the right for state intervention - most notably in the supposedly complete fascist control of worker hiring. In 1930 the National Council of Corporations was established, it was for representatives of all levels of the twenty-two key elements of the economy to meet and resolve problems. In practice it was an enormous bureaucracy of committees, that while consolidating the potential powers of the state resulted in a cumbersome and inefficient system of patronage and obstructionism. One consequence of the Council was the fact that trade unions held little to no representation whereas organized business, specifically organized industry (CGII), was able to gain a foothold over its competitors.
The economy may be run by the state... in the sense that the state appoints those private entities to run the economy... which is what they would be doing in a more laissez faire system.
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