The essential characteristics of Economic Fascism:
1) The state is more important than the individual. Forming his own definition of fascism, Mussolini stated, "The Fascist State organizes the nation, but leaves a sufficient margin of liberty to the individual; the latter is deprived of all useless and possibly harmful freedom, but retains what is essential; the deciding power in this question cannot be the individual, but the State alone." Under fascism, individual freedom is considered dangerous and threatening to the power of the state, more often than it is considered desirable room for individual expression and achievement. Mussolini also said, "Fascism reasserts the rights of the State as expressing the real essence of the individual." In short, like socialism, fascism is collectivist rather than individualist.
2) Government-business 'partnerships' are formed to organize new initiatives designed to improve or expand existing major businesses and industries.
3) Major industries which are deemed essential are planned centrally, with the collusion of both politicians and prominent corporate executives. This central planning seeks market 'order,' disdaining the 'chaos' which is actually the complexity of independent action within a free market.
4) Mercantilism and protectionism are established to favor major domestic industries at the expense of foreign imports. In a fascist economy, the people who live outside of the borders of the state are considered means for the profit of industries within the state, rather than partners for mutual advantage.
Look around you and you will see economic fascism everywhere in America today. The foot soldiers of this insidious method of governance can be be found on every local governing board. They've been appointed by your local town council, your local county commissioners, and mirrored on the state and federal level. This is why, if we are ever to turn it around, we must start with our local town councils and county commissioners.
Be aware that if you do get your man or woman appointed to these local boards, there may very well be opposition. See an example of the reaction of members of my local county planning board when an anti-fascist was appointed to the board. He was on the board previously, but was maneuvered off the board because the board could not tolerate just one voice of opposition on it. [LINK]
This is a major reason I have been recording video of the meetings of the Franklin Town Board of Aldermen and the Macon County Commissioners for almost two years now. It is to catch them in the act and to raise awareness locally of what is happening to us. Our freedoms are being stolen right from beneath our very noses by our neighbors.
Promethean Capitalism was the source for the characteristics of fascism.