Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Tuesday, October 26, 2010

The Tea Party and the Fascist Impulse

True, people toss around the term fascism without care. Hopefully this post isn't another such case.

An essay, Global Capitalism versus Global Community, by Walden Bello, begins with some historical background. He talks about unbridled capitalism's rise "in what is now known as the first age of globalization that spanned the ninteenth century and ended with World War I in 1914." It included the late 1800s Robber Barron era.

This "first age of globalization" saw "the emergence of sharp disparities in the distribution of income and assets." Bello then notes that this "provoked a countervailing push from society, especially the lower and middle classes", and this is where my insight begins.

At first I didn't understand why he didn't define the "first age" to continue through the 1920s to the Great Crash. Then I realized that it's central to my insight.

We on the left like to think of the "countervailing push" to re-balancing the inequities caused by unfettered capitalism to be solely our domain; the little people reasserting their say in the socio-economic system, asserting public freedom over excessive private freedom. But Bellos reminded me that this isn't the way it really works.

... not all of the responses to globalization were progressive. For example, fascism, which Karl Polanyi defined as "the reform of the market economy achieved at the price of the extirpation of all democratic institutions," was also part of this countervailing drive, one that hijacked the search for community in the service of reaction, counterrevolution and racism.

Yes. The "first age of globalization" does find a break-point at World War I, after which Hitler found a desperate populace that was itself hijacked in his service.

It's this seam of social orientation that we find the impulse for the Tea Party movement. And they are following the likes of Glenn Beck, Sarah Palin, and Tom Delay, all of whom are very pro-corporation. It now makes more sense, particularly when one considers other definitions of fascism, like this one by FDR:

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism - ownership of government by an individual, by a group, or any controlling private power." - Franklin D. Roosevelt


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Saturday, October 23, 2010

Capitalism and Why We're Imperialists

The title probably sounds like the ranting of a lefty wing-nut. But a little sober thought reveals a reality that is hard to deny.

Way back in 1902 an English economist, John A. Hobson, provided a simple explanation of the term imperialism, which holds to this day. In simple terms, mass production creates too many products for domestic consumption. This necessitates finding foreign markets, and the capitalists who make the products use the power of their government to secure those markets using military force if necessary. Hobson puts the motivation for new markets this way:

It is open to Imperialists to argue thus: "We must have markets for our growing manufactures, we must have new outlets for the investment of our surplus capital and for the energies of the adventurous surplus of our population: such expansion is a necessity of life to a nation with our great and growing powers of production."

Hobson then puts words to the next logical step: Corporations influencing government's use of the military to secure foreign markets:

After 1870 this manufacturing and trading supremacy was greatly impaired: other nations, especially Germany, the United States, and Belgium, advanced with great rapidity, and while they have not crushed or even stayed the increase of our external trade, their competition made it more and more difficult to dispose of the full surplus of our manufactures at a profit. The encroachments made by these nations upon our old markets, even in our own possessions, made it most urgent that we should take energetic means to secure new markets. These new markets had to lie in hitherto undeveloped countries, chiefly in the tropics, where vast populations lived capable of growing economic needs which our manufacturers and merchants could supply. Our rivals were seizing and annexing territories for similar purposes, and when they had annexed them closed them to our trade. The diplomacy and the arms of Great Britain had to be used in order to compel the owners of the new markets to deal with us: and experience showed that the safest means of securing and developing such markets is by establishing 'protectorates' or by annexation....

What strikes me is that the logic is so simple and it explains the corruption of our government by corporations.

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