"He may be among the most notorious fascists, but Mussolini was not the first to introduce economic and political fascism to the world. After Lenin’s ‘War Communism' produced massive famine, street riots, and economic collapse, Marxist leaders searched for an alternative ‘Third Way’ between socialism and capitalism. In response, Lenin rolled out his New Economic Policy (NEP) in 1921, which introduced a form of ‘market socialism’ or what he approvingly dubbed, ‘state capitalism.’ In fact, Lenin described this change as the ‘development of capitalism under the control and regulation of the proletarian state (in other words, ‘state’ capitalism of this peculiar kind) is advantageous and necessary…’ which was adopted by the Third Congress of the Communist International. This means that fascism was not the ‘last stage of capitalism’ as Marxist historians have maintained, but the first stage of a pullback from the economic and political failures of Marxism–Leninism. Lenin’s reactionary policies to mitigate the defects of absolute nationalization and communism not only spawned the NEP but also ushered in the world’s first modern fascist regime."
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L. K. Samuels
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