M. A. Mannan in Islamic Economic Theory and Practice says of Fascism that it is against liberalism and the parliamentary system (and is therefore very similar to early stage Communism). Fascism proposes the sovereignty of the state over all kinds of national activity (and is therefore very similar to nationalism). It can be best understood as an Italian phenomenon. Here, instead of democracy was a totalitarian state, the replacement of individual rights by duties (excepting those rights that did not conflict with the needs of the state), the advocating of racial supremacy, nationalistic expansion, self-sufficiency and military preparedness. Under fascism, serving the state is an end in itself.

Fascism is a force for militant nationalism and therefore contradicts the ideals of Communism which emphasises the internationalism of the working class and the struggle to unite them. However, private property is not threatened in the way that it is under Communism, rather it is expected to serve the needs of the state (especially military needs). In the event that private resources are not directed in this manner when required, then the state may intervene in order to achieve the required allocation of resources.