“Outraged by the carnage of World War I, [Ezra] Pound lost faith in England and blamed the war on usury and international capitalism. He moved to Italy in 1924, and throughout the 1930s and 1940s embraced Benito Mussolini's fascism, expressed support for Adolf Hitler and wrote for publications owned by the British fascist Oswald Mosley.”
Wikipedia, Ezra Pound
Pound “blamed the war on usury and international capitalism”, as did all Fascists.
However, 30 years later the German historian Fritz Fischer proved that the war had been caused, not by usury and international capitalism, but instead by Germany’s relentless militarism and overweening ambition.
Fritz Fischer (1908-1999) conclusively demonstrated in the 1950s that Germany alone was to blame for the outbreak of WWI. "Fischer was the first historian who examined all of the Imperial German government archives in their entirety and as a result ... instantly rendered obsolete every book previously published on the subject of responsibility for the First World War". http://en.wikipedia.org/wiki/Fritz_Fischer
So fascism was based on an assumption that was later proved to be false.
This is the sort of preparatory work Pound performed for the few years leading up to his decision on who was to blame for WW 1:
”… in January 1917, he had the first three trial cantos, distilled down to one … published in Poetry. He was now a regular contributor to three literary magazines. From 1917 he wrote music reviews for The New Age under the pen name William Atheling, and weekly pieces for The Egoist and The Little Review – many of the latter directed against provincialism and ignorance. However the volume of writing exhausted him and he feared he was wasting his time writing outside poetry, exclaiming that he "MUST stop writing so much prose".”
In other words Pound’s political ideas were bullshit. They were based wholly on primitive instincts and whim, not on any kind of research or reflection.
Ezra Pound is a shining example of blinkered ignorance whimsically proclaiming supposedly profound truths designed to turn society into a wretched zoo.