Fascist economies are typically in between laissez-faire capitalist and statist socialist economic systems.[citation needed] Unlike laissez-faire capitalist systems, fascist economies involve significant government intervention such as regulations, objectives, and nationalization of certain enterprises.[citation needed] Unlike statist socialist systems, fascist economies for the most part protect the right of private property and allowed significant independence for private free enterprise except in areas deemed vital to the national interest where private enterprise was not able to meet economic expectations of the state, in which such enterprises are nationalized.[citation needed]
Fascist governments nationalized some key industries, managed their currencies and made some massive state investments.[citation needed] Fascist governments introduced price controls, wage controls and other types of economic interventionist measures.[115] Other than nationalization of certain industries, private property was allowed, but property rights and private initiative were contingent upon service to the state.[116]
Fascism staunchly opposes many capitalist tenets, such as minimal government intervention, support of free trade, free international movement of capital, and individualism.[citation needed] Fascism opposes communism for its promotion of a classless world society. The communist suppression of small business enterprises was considered a threat to a strata of society that tended to be fascism's major supporters.[citation needed]
Fascist governments exercised much less influence over the economy that that of communist-led states, in that private property remained largely free from government interferance.[103] Nevertheless, like the Soviet Union, fascist states pursued economic policies to strengthen state power and spread ideology, such as consolidating trade unions to be state or party-controlled.[104]
