During the twentieth century, the European nations of Italy, Spain, Portugal, Hungary, Germany, plus Argentina in Latin America each adopted a Fascist-style of government. Mostly these nations preserved private property as a means to serve the state. Their economies were put under control of a government bureaucracy that set wages, prices, and profits. Although large industries were forced to comply, the companies were rewarded with elimination of competition and guaranteed financial returns.
Characteristics defining a Fascist state include:
- A charismatic dictator
- Disdain and elimination of parliamentary systems
- Oppression of human rights, including suppression of dissent
- Collectivism by ethnicity, class and political creeds
- A "progressive" agenda to benefit workers
- Extreme nationalism
- Pervasive propaganda
- Militaristic government (usually).