This article theorises the contemporary convergence of neoliberal and fascist principles by examining the thought of political actors in the 1930s and 1940s who were active in both neoliberal and fascist organisations. I suggest that a sympathy for fascism formed a minor but significant strand of early neoliberal thought, and that unpacking the logics that led particular thinkers and political actors to believe that fascism was compatible with neoliberalism can shed light on the contemporary political moment. Based on my reading (...) of early ‘neoliberal fascists’, I theorise three points of convergence. The first was a belief that socialism had to be opposed by all possible means, including violence and the repression of popular democracy. The second was a racialized understanding of the underpinnings of the market economy, leading to an acceptance of the necessity of racial exclusion. Thirdly, both fascist and neoliberal thinkers believed that patriarchy was a necessary feature for the reproduction of capitalism, and hence that traditional gender roles had to be preserved against pressures for social change. In theorising this convergence, I also gesture to how the overlap of neoliberalism and fascism can be witnessed in the contemporary milieu, with a focus on the libertarian Mises Institute. (shrink)