In response to the recent discussions regarding Fascism, the arguments have 
 proceeded without any attempt at DEFINING the term.  Mason Gaffney's  
"oversimplification" is a case in point.
 
The best statement I have seen is by Paul Einzig, in his 1933 Economic  
Foundations of Fascism:
 
"[B]esides being a political movement, Fascism is essentially a economic  
system -- a compromise between pure individualistic Capitalism and complete  
State control." (p.6).
 
He continues:
 
"In the Corporate State, private property is respected just as in any  
capitalist country.  There is no expropriation without compensation.   The State 
reserves the right, however, to limit and guide the employment of the  
means of production, and to intervene in the process of distribution, in  
accordance with public interest. ...  [T]he government reserves the right  to 
supplement individual initiative whenever this is considered necessary; to  
prevent it from developing in directions detrimental to public interest; and to  
guide it so as to obtain the maximum benefit for the community as a whole." 
 (p.6)
 
What this has to do with Hayek, and Gaffney's other demons, is a  mystery.  
Nothing in Hayek's writings would suggest such an  interpretation.  (One 
must read them of course, to know this.)  It is,  however, completely 
consistent with the economic and political philosophy  of the current Progressive 
movement.
 
Also, it must be noted that Mussolini, before taking power in Italy, was a  
noted Socialist theoretician.  Fascism was a means of introducing Socialism 
 gradually, without the dislocations that followed from the experience in  
Russia.
 
Charles McCann