Beastrabban has been expanding on This Writer’s article about Theresa May and the disaster that is neoliberal capitalism, over on his Weblog.
He makes another link – with the return of Fascism across Europe, of which support for the far-right AfD in the recent German elections is a part.
Here is an extract. You can read the full article using the link below.
The Korean economist, Ha-Joon Chang, makes pretty much the same case in his book, 23 Things They Don’t Tell You About Capitalism. Chang is also an admirer of capitalism, but his book is a sustained attack on Thatcherite neoliberalism. He shows that every country in the world has begun its rise to economic prosperity through protectionism, and that the countries with the most flexible labour markets and stable, prosperous industries are those with a mixed economy of socialized and private industries and a welfare state. And this includes those countries, where the industries may not be nationalized, but the workers have a share in the management, such as in Germany and Austria.
As Stephen Gowans writes in his recent essay “We Lived Better Then”: ‘Of course, none of the great promises of the counterrevolution were kept. While at the time the demise of socialism in the Soviet Union and Eastern Europe was proclaimed as a great victory for humanity, not least by leftist intellectuals in the United States, two decades later there’s little to celebrate. The dismantling of socialism has, in a word, been a catastrophe, a great swindle that has not only delivered none of what it promised, but has wreaked irreparable harm, not only in the former socialist countries, but throughout the Western world, as well. Countless millions have been plunged deep into poverty, imperialism has been given a free hand, and wages and benefits in the West have bowed under the pressure of intensified competition for jobs and industry unleashed by a flood of jobless from the former socialist countries, where joblessness once, rightly, was considered an obscenity. Numberless voices in Russia, Romania, East Germany and elsewhere lament what has been stolen from them — and from humanity as a whole: “We lived better under communism. We had jobs. We had security.” And with the threat of jobs migrating to low-wage, high unemployment countries of Eastern Europe, workers in Western Europe have been forced to accept a longer working day, lower pay, and degraded benefits. Today, they fight a desperate rearguard action, where the victories are few, the defeats many. They too lived better — once.’
We … need to recognize the role of neoliberalism in creating the poverty and insecurity, which leads to so many traditional White Europeans fearing for their future, and the way Conservatives and Fascists across Europe and America are exploiting this to keep themselves in power by misdirecting these fears onto immigrants, Blacks, Muslims, Roma and Jews.
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