In this pamphlet, written by Ted Grant, the RCP explained the social basis of fascism, as a mass movement based on the middle-class and set in motion by the capitalist class to smash the labour movement. Faced with the danger of social revolution and the loss of power, the British capitalists, no less than their European counterparts, would be prepared to mobilise and finance fascist gangs to atomise the workers organisations. The pamphlet describes how the British capitalists were sympathetic to Hitler and Mussolini before the war, and how they supported the nascent fascist movement in Britain around Oswald Mosley.