The New Fascism: Rule by Consensus Summary and Analysis

Rand begins the chapter by presenting the dictionary definitions of the terms socialism, fascism, and statism. Of the three terms, statism has the broadest definition with socialism and fascism being variants of statism. A major point of both socialism and fascism has to do with the ownership and control of property. In socialism, property is publicly owned and controlled. In fascism, property is privately owned but controlled by the government. Property owners do not control their own property but have the responsibility for that property. The government has the use of the property without any responsibility.

Rand feels there is no difference between socialism and fascism in practice and that socialism is the more honest of the two systems. The individual's rights are negated under both systems. When considering which ism...