Marxism teaches us that every totality is composed of elements which are different and hence among these there are contradictions. Even when the totality is conceptualised as a totality, there must be an implicit awareness of these contradictions. This injunction should not be forgotten when we study the political economy of authoritarian or fascistic regimes. Marxists have for long seen such regimes as being based on the solid support of monopoly capital; indeed, this is crucial for their coming to power. The renowned Marxist economist Michal Kalecki, for instance, saw the European fascist regimes of the 1930s as resting upon a “partnership of big business with fascist upstarts”.

Layers Within Corporate-Financial Oligarchy in Fascistic Regimes | NewsClick