Neoliberalism came about as an idea that started after WWI on the way to and after WWII. It was meant to preserve markets and use the regulatory power of governments to keep markets in good order, helping neoliberal businesses to succeed. Of course a partnership between government and business always carries the risk of becoming fascist. Fascism in history has committed mass murder. Totalitarianism is all about mass murder. The intention of American neoliberals was to avoid totalitarianism and the sequelae of mass murder that follows that. They supported the rule of law and government tolerance and support for their projects without mass death.
Too late now.
With the evidence accumulating that many will die an early death from the covid vaccines, mass murder is no longer only a boogeyman only of the future. Mass murder is already happening. Betrayal of world populations can’t be a good direction for politics to take.
Financialization appears to have freed a lot of capital that has circled the globe many times. But to what good end? Derivatives are rumored to be ten times the size of the real markets and yet they are tools of mass financial destruction (according to Warren Buffet). Although financialization enabled the wealthiest to grow their capital, it doesn’t produce real wealth in the form of real assets. Right now the jetset can still afford to buy fuel and to plot their plans for world domination but that doesn’t look good for society longterm. Society needs more than capital to turn the wheels of civilization. Money needs to represent real value and to hold that value. Under a regime that is overprinting money and creating high inflation, money represents less value every day.
One of the outcomes of the destructiveness of WWI and WWII was a desire by everyone in politics and finance to avoid similar future annihalation of infrastructure. With a major population decline planned and in the works thanks to covid casualties it looks like there’s a future demographic decline. It will lead to further economic destruction even if physical buildings remain for a period of time. Without workers to man the economy, the upkeep of those structures is doomed. And the ability to build anything to replace what will be lost is also in doubt. Easy come, easy go?
Not so easy. What is being destroyed and squandered is the wealth of the old civilization. That wealth includes political and economic systems that worked to produce the old wealth. A parasitic growth has formed that is sucking the life out of our nation and although there are numerous claims that digital money will work, that electric cars will work, that medical tyranny is better, that tyranny generally is better, none of it has been proven or is likely to be better at all. Except for parasites that are corrupt benefactors of the disruption that they have caused.
The time that you live in is harder to characterize in descriptions because being mired in its problems and advantages makes it really hard to get a clear perspective. The past is easier. Descriptions by many people about the past are easier to come by and to compare. How would you describe the present?
When I worked my way through school by manning the counter of the neighborhood convenience store, I knew that disadvantaged children from down the road would sometimes come in to steal some candy. They would tell each other, “Lets go rip off.” They would get frustrated when I and a friend would stop them from stealing by watching them too closely. They couldn’t achieve their small intended theft.
Sometimes the goals of today’s neoliberal criminal class seem equally petty and pointless. There are a lot of empty calories in human traficking, drug trading, frauds in financial dealings. How can society prosper while criminals make money from empty trades like those. What happy result is possible from that? Happiness seems like a better goal to me than world domination, mass murder, infinite crime without recourse for the despoiled.
I believe that happiness is an important goal that those dominating and stealing will never achieve.
A few days ago, I was summarizing my book for an interested person that I was talking to. I said that my book traced ideological change across American history. We, that is the U.S., started with classical liberalism, which was the idea that political freedom requires economic freedom. The U.S. Constitution was meant to help us to maintain a prosperous commonwealth where people could do what made them happy, where liberty and tolerance were part of everyday life, where free speech and the right to defend oneself were respected. Work and keep what you earn. Government and the law weren’t intrusive. People’s privacy was a given. Live and let live.
We transitioned to modern liberalism during the Civil War with the North bringing on a temporary income taxation that later became permanent with the Sixteenth Amendment. That made a portion of people’s earnings available to grow governments larger, to fight bigger wars and bring about larger social welfare projects. The consequence to our U.S. economy was the crowding out of private investments with public ones and an increase in government corruption. That made the economy’s ability to grow shrink. People kept less of what they earned. Law was reinterpreted to become more intrusive in people’s life.
Later, living in the consequences of soft socialism modern liberalism, American corporations wanted more than they could achieve in the United States. In an already shrinking economy, with labor unrest, corporations wanted cheaper labor and less regulation. They wanted to go global. After WWII we changed to neoliberalism with global economic agreements, evolving global banking and transnational companies that went everywhere around the world making money on cheaper labor and saving money with lesser regulations. They escaped legal restraints that were horning in on their ability to generate higher profits.
While I was reluctant to simply call it fascism in 2015, I think neoliberalism has ripened now to be full fledged fascism because of three clear signs.
First of all and most recently, the events that we all lived through with covid-19 showed intrusive government Department of Defense and medical corporate interference in people’s life that led to deaths. Many people suffered both in terms of their health including numerous fatalities and in terms of their economic welfare.
Secondly, after the subprime mortgage crisis in 2008, the rule of law was not implemented to rein in criminal banking. Many people suffered financial damages from which they haven’t recovered. Banking criminality continues.
Thirdly, during the 2020 election, the representational system of voting was undermined and the election was stolen. There were many examples of fraud in the 2020 election. Electronic voting has apparently been a large part of voting fraud since the early 21st century. But evidence regarding this fraud has not yet been heard in court.
We seem to be living in a melee of discord without a remedy. It seems as though government and rule of law aren’t able to help because of corruption.
As there isn’t the proper accountability for various crimes being committed, criminals in government, banking and corporations continue wrecking our nation. It is clear that the rule of law is failing to be implemented. Although neoliberalism was meant to be a political triumph of organizations, supported by regulatory largesse, neoliberalism has now turned into something really terrible.
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Most people see criminality but I seldom hear an acknowledgement of fascism. Fascism is deadly. It is destructive. It will lead to griefs of many kinds that are already becoming manifest. It is past time to stop it.
What can we do to stop it? It is a reasonable question to ponder.