by Michal Kalecki One of the important functions of fascism, as
typified by the Nazi system, was to remove capitalist objections
to full employment. The dislike of government spending policy as
such is overcome under fascism by the fact that the state
machinery is under the direct control of a partnership of big
business with fascism. The necessity for the myth of 'sound
finance', which served to prevent the government from offsetting
a confidence crisis by spending, is removed. In a democracy, one
does not know what the next government will be like. Under
fascism there is no next government. The dislike of government
spending, whether on public investment or consumption, is
overcome by concentrating government expenditure on armaments.
Finally, 'discipline in the factories' and 'political stability'
under full employment are maintained by the 'new order', which
ranges from suppression of the trade unions to the concentration
camp. Political pressure replaces the economic pressure of
unemployment.