The fascists adopted an economic policy that is closely parallel to, and in many respects identical with, today’s progressivism. Mussolini called this policy ‘corporatism,’ but a more descriptive term would be state-run capitalism. Mussolini envisioned a powerful centralized state directing the institutions of the private sector, forcing their private welfare into line with the national welfare… Although today’s American Left dares not invoke Mussolini’s name, the honest among them will have to admit that it was he and his fellow fascists who were their pioneers and paved their way.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The fascists adopted an economic policy that is closely parallel to, and in many respects identical with, today’s progressivism. Mussolini called this policy ‘corporatism,’ but a more descriptive term would be state-run capitalism. Mussolini envisioned a powerful centralized state directing the institutions of the private sector, forcing their private welfare into line with the national welfare… Although today’s American Left dares not invoke Mussolini’s name, the honest among them will have to admit that it was he and his fellow fascists who were their pioneers and paved their way." in the context of "p. 86" to mean that wisdom is timeless.