Information Clearing House“Fascism merges private capitalism and the state. Political power then enforces capitalism’s basic rules: the economic dominance of the major shareholders and their top directors and managers.”

Richard D. Wolff
11-September-2020

Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants and foreigners in general, white supremacy, “strong (narcissistic)-man” government, aggressive foreign policies, and hysterical red-baiting. 

Those signs reflect how capitalism’s deepening crisis undermines both the centre-left (Democrat) and centre-right (GOP) and shifts politics further right and further left. Trump represents the anti-centre right, Bernie Sanders the anti-centre left. Most capitalists want neither; the centre worked very well for them over the last 75 years. 

As that political centre implodes, U.S. capitalists favor the right over the left. They see the difference between fascism and socialism very clearly. They are not fooled by the crumbling old centre’s self-serving efforts to equate socialism and fascism.

Fascism can indeed “happen here,” but in unique fashion. Fascism, like all other systems, has varying forms ... The fascism taking shape here is not primarily the crude political theatre that today’s wannabe fascists offer.

Continue reading @ Information Clearing House.

The U.S. Is Borrowing Its Way to Fascism

Information Clearing House“Fascism merges private capitalism and the state. Political power then enforces capitalism’s basic rules: the economic dominance of the major shareholders and their top directors and managers.”

Richard D. Wolff
11-September-2020

Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants and foreigners in general, white supremacy, “strong (narcissistic)-man” government, aggressive foreign policies, and hysterical red-baiting. 

Those signs reflect how capitalism’s deepening crisis undermines both the centre-left (Democrat) and centre-right (GOP) and shifts politics further right and further left. Trump represents the anti-centre right, Bernie Sanders the anti-centre left. Most capitalists want neither; the centre worked very well for them over the last 75 years. 

As that political centre implodes, U.S. capitalists favor the right over the left. They see the difference between fascism and socialism very clearly. They are not fooled by the crumbling old centre’s self-serving efforts to equate socialism and fascism.

Fascism can indeed “happen here,” but in unique fashion. Fascism, like all other systems, has varying forms ... The fascism taking shape here is not primarily the crude political theatre that today’s wannabe fascists offer.

Continue reading @ Information Clearing House.

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