There has been a lot of discussion lately about whether America is becoming a socialist nation. Socialism refers to the economic system in which everything is owned by the government. In comparison, few have been talking about whether the U.S. is becoming a Fascist state. Ayn Rand, author of “Atlas Shrugged” wrote this about fascism:

“Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal. Under fascism, citizens retain the responsibilities of owning property, without freedom to act and without any of the advantages of ownership … the government officials hold the economic, political and legal power of life or death over the citizens.”

Fascism, like socialism, cannot work as an economic system. It denies individual rights and eliminates personal responsibility through the creation of a massive welfare state. It starts with the nationalization of banks and health care, and ends with prohibitions on free speech, religion, and virtual slavery to the government.

The Obama administration, led by the Treasury department, has been pushing the “public/private partnership” plan to deal with the “toxic assets” on the banks’ balance sheets. They are taking huge ownership stakes in the banks (even more proposed today), and seek to do the same with other industries. As Ayn Rand warned, it’s impossible for this system to succeed. Fascism is as evil as socialism and communism.

Gerald Celante, head of the Trends Research Center and publisher of Trends Journal says that the fascist revolution is already here.

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