Nowadays, in Britain we call it Statism.
Thank you and noted, Ravenscar.
As IanE suggests, choice of a 'distorting' lens indicates something amiss in the viewer's wiring. Actually, I think Chaucer also presented the phenomenon in that part of "House of Fame" where he dreams himself into the Virgilian nightmare of a Temple of Glass, which is dedicated to Venus. There, the poet recognises, and escapes, the tragic consequences of paying into a dense knot of untruths (HOF 121-473) --- But some of us never learn.
Instead, they just keep on using words to change the label. So, having somehow realised that Communism has an undeniably justified bad rep, Marxists keep on denying that they're commies. Now that we've rumbled that game, they're calling it a neu name (Statism, and its reflections). It's as if they think their good intentions in sticking a plaster over carcinoma will hide the thing ---- and the progress of the disease, even to ensuing pain and death.
Funny how so many of them manage to sound intelligent in the process... and, like Dido, they fall prey to their own claptrap. They idolise ... well, lies and material self-interest.
[Coincidental, too, that one knot of modern lies should be enshrined somewhere in Aeneas's Rome...............................]