3 stars because while it is an interesting text, it was difficult to get through due to the meandering, truncated, poorly edited quality of the writing.
The main idea presented by Hamerquist is that fascism has the potential to become a mass movement with a substantial and genuine element of revolutionary anti-capitalism. Fascism is not merely a tool used by capitalists when their power weakens that they can completely control and turn "on and off" at will; rather, modern fascism is "rooted in populist nationalist anti-capitalism and [has] an intransigent hostility to various state and supra-state institutions." Hamerquist believes third position fascism, a fascist variant that presents itself as rejecting left and right politics as well as white supremacy (at least superficially), poses a new threat which leftist groups are unprepared to confront, especially because of its anti-capitalist, anti-global imperialist ideals. Hamerquist says, "There is no meaningful sense in which fascism can be strategically defeated while capitalism survives. [...] On the other hand, if capitalism were to collapse or be politically defeated anywhere in the world, this would not necessarily mean an end to the dangers of fascism. Under some conditions, fascism might both contribute to this collapse and be its major beneficiary.” Therefore being anti-capitalist and being anti-fascist are not synonymous with each other as some leftists still believe.
Sakai's counter article further develops Hamerquist's points while also gently disagreeing with some of them. For example, Hamerquist presents no definition of fascism in his article. Sakai offers this definition: that fascism is a revolutionary movement of the right against both the bourgeoisie and the left, consisting of middle class and declassed men, that arises in zones of protracted crises. Sakai further explains what Hamerquist means when he says fascism has a "revolutionary" anti-capitalist agenda: fascism is not revolutionary in the sense that leftists think of the word, but it does have a class agenda that will change and violently reorganize the class relations of production, thereby "revolutionizing" them, but with a right-wing repressive intent. Fascism seeks to unseat the bourgeoisie as the ruling class and replace it with the middle class and declassed men that make up fascism's main base of support. This de-proletarianizes the economic system by eliminating the working class, which is then replaced with slave labor. Sakai argues that this makes fascism anti-bourgeois but not anti-capitalist, as fascism remains based on fundamentally pro-capitalist classes.
Overall this text is provides an interesting analysis of modern fascism but fails to strengthen its arguments with clear and organized writing, leaving me uncertain as to what my main takeaway from this text should be. (Note that this could also be because I have just started to investigate anti-fascist theory and probably lack some of the necessary context.)